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Write down demand and supply equations for wireless phones; include two exogenous variables in each equation
When you do not know the right demand, you can't set the right price. So, instead of setting the price first, how can you find out the right price when there are some uncertainty in your demand estimate?
You're the manager of copies are us. The only copy store in town, the carbon copy, recently got bids on adding a colour copier.
According to the Heckscher-Ohlin theorem, is Russia capital abundant or labor abundant? Briefly explain. What is the impact of opening trade on the real wage in Russia? Briefly explain.
If the government of Amityville used a subsidy of $S per unit to encourage the optimal amount of chocolate production, illustrate what level should that subsidy be.
Explain the law of diminishing marginal utility and Why are there so many more proprietorships than corporations, yet corporations account for so much more of the sales of business firms in the country?
Look at the table Demand Schedule for Gadgets. The market for gadgets is dominated by two producers, Margaret and Ray. Each firm can produce gadgets at a marginal cost of $2.
Re-creating the U.S. Federal Budget based on one of the Economic School of Thought
On the other hand, you might also analyze in detail the effects of higher unemployment among a business cycle downturn.
The dividend is hopefuly to make at a constant rate of 6.00% per year. What is the expected year-end dividend, D1?a) $2.20.
How does the pressure drop across a regular flow control valve affect the flow through the flow valve?
Suppose one economist believes the target rate of unemployment is 4.3 percent while another believes it is 5.5 percent. Using Okun's rule of thumb, by how much would you expect their estimates of potential GDP to differ in a $12 trillion economy
Assume that there are two power generating plants that emit SO 2 (sulphur dioxide). In the absence of regulation they each emit 10 tons of pollution per month.
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