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Q1. In May 2011, the average price of gasoline in the United States was $3.76 per gallon and consumers bought 5 percent less gasoline than they had during May 2010, when the average price was $2.79 per gallon. Based on these numbers, what was the price elasticity of demand for gasoline from May 2010 to May 2011?
Q2. The demand for good X is given by Qdx=1200-0.5Px+0.25Py+0.1M. Research shows that the prices of related goods are given by Py=5900, while the average income of individuals consuming this product is M=50000, indicate whether good X and Y are substitutes or complements, Is X an inferior or a normal good? How many units of good X will be purchased when Px=4910, determine the inverse demand function for good x.
Illustrate what is equilibrium level of Aggregate Expenditures in this economy. At equilibrium, illustrate what is level of Consumption in this economy.
Discuss industry concentration, demand and market conditions and the pricing behavior of Kodak in the 1990's. Do you think the industry environment is significantly different today.
q1. write the economic analysis section of a business proposal. this will include statements about the market structure
Illustrate what is standard inconsistent cost. Illustrate what is the marginal cost.
If the company requires a minimum return of 25%, illustrate what should be the minimum yrly sales for 12 yrs to justify the investment.
What is opportunity cost of producing one more bushel of wheat in US. Which country has a comparative advantage in winter hats.
Illustrate what role did the policies of various governments play in influencing the international expansion strategies of both McDonald's and Wal-Mart.
what is the opportunity cost of producing a unit of wheat in the united kingsom? In the united states?
Defend your use of either monetary policy or fiscal policy to do this.
Using the principles of covered interest parity, Explicates how a local industry can utilize a LC loan to synthetically create a 1-yr USD loan.
The firm output sells competitively explain how many tons of output will be produced.
What factors will contribute to the riskiness of these bonds.
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