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A. Why do governments raise taxes on cigarettes and alcohol to raise government revenues?
B- What changes do you make to your demand for gasoline when the prices start to climb up?
C- Would you want to own a business that sells price-elastic products or price-inelastic products? Why?
D. Let us say the price of widgets is $1.00. At this price, consumers demand 10 widgets. Now the widget seller increases the price to $1.50. At this new higher price, quantity demanded falls to 9 widgets. Are widgets elastic or inelastic? Please show your work.
Provide a cost-benefit analysis for a company that has to decide whether to hire more staff or hire temporary workers to meet production schedules.
Compute the current yield, the coupon rate, and the yield to maturity if the bond is puchased for $940.
Illustrate what is the airline's profit-maximizing fare? How many passengers does it carry per week, using how many flights.
Draw demand, marginal revenue and marginal cost curves for each market. Approximate profit maximizing prices and quantities graphically and/or determining solutions algebraically. Illustrate what are firm's total profits.
Explain the liberal perspective on markets and the state with specific reference to the Keynes/Hayek debate. Why are the differences between them vital for understanding contemporary international political economy?
As a result, price of Domino's pizzas fell from $8 a pie to $2 a pie following week. Quantity of pizzas demanded soared following week from 1 pie an hour to 100 pies an hour. What was price elasticity of demand for Domino's pizza.
Draw a graph that shows the marginal revenue product curves of the two franchises. Make sure your axes are properly labeled. Show the equilibrium level of competitive balance and the equilibrium level of player salaries.
If labor costs rise you may consider substituting capital input for labor input. What factors do you need to consider when making this substitution?
The composition of pennies is 95% copper and 5% zinc. Coper sells for $3.50 per pound and zinc for $1.00 per pound. It takes approximately 130 pennies to add up to the one pound of total weight. It cost the U.S. Mint $2 to produce 100 pennies. The U...
q. 1. did you find that the items grouped together as you worked down the flow chart had similar characteristics in
q.what would be the production possibility frontiers for brazil and the united states?without trade the united states
q. a company has started a phone service that uses overseas doctors to provide emergency medical consultations.
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