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Suppose that the average prices of refrigerators have fallen over the past few years, yet the refrigerator companies have offered more and more of them for sale. Does this mean that the supply curve for refrigerators is downward sloping?
A company in a perfectly-competitive industry where market price of output prevailing is $50 per unit has a cost function where;
Suppose OPEC breaks apart and oil prices fall substantially. Initially, which curve shifts in the aggregate supply/aggregate demand modell In what direction does it shift? What happens to the price level and real ouput (GDP).
Elucidate how banks and individuals can use "covered interest arbitrage" to protect themselves when they make international financial investments.
One government strategy to provide for economic stability and encourage economic growth is to provide tax reductions or tax incentives for individuals and businesses. An alternative approach is to increase government spending to accomplish these g..
show all cash flow diagrams1. a family decides to save for the college education of their kindegradener starting
There is no Constitutional needs which individual states must accept monies offered by federal government to support requires affecting their citizens.
suppose in a closed economy government spending is 60 business investments are 120 and consumers spending is given as c
Mitt Romney and Newt Gingrich are two of the most likely candidates for the Republican nomination for President. One of the key strategic decisions they will make is how negative their ads should be. Assume the payout matrix (in terms of votes gai..
The federal government estimated that the elasticity of demand for cigarettes among teenagers is equal to 2. If they want to reduce smoking by 50% among this group and the price of cigarettes is $6.00 per pack
A. .Discuss the major reasons why medical spending is absorbing an increasing share of national output B. What solutions can you proffer to the problem of escalating spending on medical care
James Pizzo is president of a company that is price leader in the industry; that is, it sets the price and the other firms sell all they want at that price.
Thirsty Ed drinks only pure spring water, but he can purchase it in two different-sized .75 liter (good x1) and 2 liter (good x2) containers. Because the water itself is identical, he regards these two goods as perfect substitutes and his
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