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Question: Suppose the federal tax on gasoline increased by 5 cents per gallon. Do you think that such an increase, reflected in the price of gasoline, would have a significant impact on gasoline consumption?
A loan for $80000.00 is to be paid with 12 equal payments, paid every other month (6 payments a year) ,The first payment being 9 months after barrowing the money. The interest rate is 12% pre year compounded monthly. What is the size of each of the 1..
There are two firms (firm A and firm B). Both have zero costs. They SIMULTANEOUSLY choose quantities: Q_A and Q_B. The inverse demand is P = 18 – Q, where Q = Q_A + Q_B. Derive the equilibrium outputs. No points for solving for the Stackleberg/sequen..
Discuss the effects of the change on the value of the currency and the country's balance of payments, using historical and current circumstances.
Describe what will happen to total revenue in the following situations: Price decreases and demand is elastic. Price decreases and demand is inelastic. Price increases and demand is elastic
An economy is endowed with 100 units of labor and 100 units of electricity, and 150 units of storage space to store the two final produce
An object on a moon in the solar system where the acceleration due to gravity is 12.0 f/s^2 weighs 200 lbf. Determine the following:
If you are a managerial economist how would you recover to such crisis and what are the things you should do in order to rebuild your business?
The CEO of a major automaker overheard one of its division managers makes the following statement regarding the firm’s production plans: ”In order to maximize profits, it is essential that we operate at the minimum point of our average total cost cur..
You own an old "water skiing" motor boat that is a real gas guzzler. it is 10-years old and can be sold now for $3,000 cash. Assume its market value (MU) in 2 y
You purchase a new house for $200,000 with a 5% down payment. You obtain a 30-year loan at 5% compounded monthly and will make monthly payments on the loan. Closing costs are $1,500. PMI is $150 per month for the first 5 years. Taxes are estimated to..
Discuss Standard Precautions and infection control methods for the protection of both the patient and the examiner.
Show the effect of a small increase in the interest rate on the intertemporal budget constraint. Assuming standard preferences for current and future consumption (as shown in Figure 11.4), what will be the effect of the increase in r on the savings r..
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