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Law of Supply and Demand at Sunrise Surf Shop
Sunrise Surf Shop is willing to produce 35 surfboards in a month if it can sell each board for $400. If it can receive $700 for each board, the shop is willing to produce 75 surfboards. This is an example of the law of supply. Do you agree or disagree?
John is willing to purchase 3 computers when each computer costs $600. If the price is $250 for each computer, John is willing to purchase 7 computers. This scenario displays the law of demand. Do you agree or disagree?
What is the maximum amount of good Y that can be purchased if X and Y are the only two goods available for purchase and P x = $5, P y = $10, X = 20, and M = 500?
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The Bureau of Labor Statistics reported and total number of unemployed workers.
Jim is considering quitting his work and utilizing his savings to start a small business. He expects that his costs will consist of a lease on the building, inventory, wages for two workers, electricity and insurance.
Illustrate what policy options are available to the government to counter the effect of a sharp fall in real estate values on the economy.
Illustrate what would the total price be at 99,000 miles rounded to the nearest dollar amount.
Compute real GDP for 2004 and 2005 using 2004 prices. By what percent did real GDP grow? Compute the value of the price index for GDP for 2005 by using 2004 as the base year. By what percent did prices increase?
What do you think that Antitrust Department should punish Google for being a "monopolist". Did the author of the article think so.
What is the amount of loans from rest of the world? What is the current account balance? What is capital account balance?
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