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Assignment:
According to a report by the Samoa Water Authority, the average four-member household uses about 345 gallons of water daily. The report broke that down into 235 gallons for inside use and 110 for outside use. Of the "inside" water, about 95 gallons per day went to flush toilets. Drinking and cooking used 9 to 10 gallons per day. Water rates vary, but they are rarely higher than 0.1 cent (that's $0.001) per gallon (which is a much lower price than we used in our hypothetical township example!). Would a doubling or even a quadrupling of water rates from the $0.001 level work a serious hardship on poor people?
Distinguish between demand and quantity demanded. What determinants cause a shift in demand? The response must be typed.
What kind of market structure is the gas/fuel station industry? monopolistic competition, oligopoly, or monopoly and why is it the selected market structure
Using the midpoint method, what is the price elasticity of demand from a price of $5.00 to a price of $4.00 per pack of 100 screws
There is considerable uncertainty about how much it will cost to reduce mercury emissions from coal-fired power plants
When someone argues that the national debt is bankrupting the country.
City University's enrollment is 12,298 full-time equivalent students (at 12 credit-hours each), with 3% Annual increases. The university's cost per credit-hour.
A change in demand could be cause by certain factor. List four factors that will decrease the demand (shifting of the demand curve) for a product
Rational business and will adjust its emissions in response to the pollution tax. Solve for Q to find the optimal level of pollution reduction
the demand for international flights in the us is on average less elastic to price than the demand for domestic
Financial Recession: There has been a rise in mortgage defaults leading to an increase in the risk premium in the economy. (increase f).
Businesses often decide between using automation and labor in production. An automotive environment may have high fixed costs and low variable costs.
Suppose that, over the short run (say, the next five years), demand for OPEC oil is given by Q = 57.5 - .5P or, equivalently, P = 115 - 2Q. (Here Q is measured in millions of barrels per day.) OPEC's marginal cost per barrel is $15- What is OPE..
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