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The demand for economics textbooks is very inelastic, but the supply is somewhat elastic. What does this imply about the incidence of an excise tax? Illustrate with a diagram.
You buy a 3-year, 10% coupon bond with face value $1000 today. The market interest rate currently is 10% also. What is the market price of the bond today?
q1. a luxury good is a good for which the income elasticity exceeds one. the demand for a luxury good is given by qd x
illustrate what proportion of the population would score higher than Bob.
Consider a hypothetical market for paper. you are given the following demand, supply and MEC curves: P=100-Q MC=1/4Q MEC=10 Draw a diagram that shows the privately and socially optimal outcomes. Determine the socially optimal level of production and ..
Firms in perfect competition will leave the industry if they
Illustrate what is the difference among the Marxist also the Value Conflict approach to social problems
What is the value of a 10 percent annual coupon, $1,000 par value bond with 20 years to maturity if the required rate of return on the bond is 12 percent?
Explain what a slope of .5 would mean if you were measuring the relationship between consumer spending and income, where the dependent variable is consumer spending and the independent variable is income?
Why are trade agreements important for the various countries involved? How is international trade related to the U.S. standard of living as opposed to the standard of living of a small industrial nation
Consider an American automaker like GM with almost 400 production facilities located in 37 countries and sales in over 150 countries! To maximize profits, what decisions does GM have to make in regard to pricing and production?
Demand: P=30-2Q Supply: P=4Q Equilibrium Price____ Equilibrium Quantity______ Own Price Elasticity of demand Equlilbrium______ Consumer surplus________ Producer surplus__________ Same market after $6 sales Tax
how resource growth and improvements in technology can allow a nation to increase its production of government goods and services while also increasing its output of private goods and services
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