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Jerome says that he will spend exactly $25 each month on new apps for his mobile device, regardless of the price of apps. Jerome's demand for apps is
A. perfectly elastic.
B. perfectly inelastic.
C. unit elastic.
D. somewhat inelastic, but not perfectly inelastic.
the hhi for automobiles is 2350 for sporting goods is 161 for batteries is 2883 and for jewelry is 81. which of these
It is often claimed that an added benefit of pollution abatement projects sponsored by the government is the increase in employment generated by these projects. Evaluate this by answering the following. Where do governments obtain the funds to undert..
Alejandro scoobert owns a store specialization in soccer jerseys. Illustrate what was the value added to Alejandro store in 2008.
Two similar farms could have the same return to management but different net farm income due to:
Suppose that the market demand curve for bean sprouts is P=880-2Q, where P is the price and Q is total industry output. Suppose that the industry has two firms, a Stackleberg leader and a follower. Each firm has a constant marginal cost of $80 per un..
Rosita owns a stock with an overall expected return of 14.40 percent. The economy is expected to either boom or be normal. There is a 52 percent chance the economy will boom. If the economy booms, this stock is expected to return 15 percent. What is ..
As weekend prices skyrocket more people will play golf during the week and eventually the weekend prices will drop and weekday prices. Differentiate among weekday and weekend prices.
How you would adjust a nominal value in one year to equal the same purchasing power in a nominal value for another year. Explain why anyone would ever want to do this.
profits associated with polluting for friedman inc. are pi 40q - 2q2 where q pollution emitted in tons and profits
A decrease in the Discount Rate is an indication that monetary policy is contractionary.
some firms leave the industry and the industry returns back to a long-run equilibrium. Illustrate what will be the new equilibrium price, assuming cost conditions in the industry remain constant.
Elucidate why there is a relationship between price elasticity of demand and the effects on total sales revenue.
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