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Using supply-and-demand diagrams, show and explain the effects of the following events on the price of CD-Rs and the quantity of CD-Rs sold. For each event, identify which of the determinants of demand or supply is affected, how it influences demand or supply, and what happens to the equilibrium price and quantity. (12%) a)The price of a CD-Rs burner falls. b) Producers introduce new cost-saving technologies in their CD-R production plants. c) Free peer-to-peer music exchange through the Internet becomes legal.
imagine a large multinational firm producing consumer products which announces to cut 20000 thousand jobs close 100
Two countries, Richland and Poorland, are described by the Solow growth model. They have the same production function F(K,N) = KaN1-a. Richland saves 32% of its income, Poorland saves 10%. Richland has a population growth rate of 1% per year, P..
New Horizons Airlines wants to forecast the mean number of unoccupied seats per flight to Germany next year.To develop this forecast, the records of 49 flights are randomly selected from the files for the past year, and the number of unoccupied sea..
suppose you are a manager of a firm that produces products x y and z.you know that there are two different types of
Cost efficiency can still be considered a major strategic objective of banks. Discuss.
the ali baba co. is he only supplier of a particular type of oriental carpet. the estimated demand for its carpets is
Incorporated's income statement shows a net profit before tax of $468 and net sales of $7,482 for 2010. Total assets are at $3,244. Calculate the ratios for this company Return on sales ratio (net profit margin)
suppose the equation for the demand curve for some product x is p 8 - .6q and the supply curve is p 2 .4q. what are
"A shift outward in the demand curve always results in an increase in total spending (price times quantity) in a good. On the other hand, a shift outward in the supply curve may increase or decrease total spending."
would an increase in price of a bus ride increase or decrease total revenue? why? if the price of gas increased b 10%(holding the demand for gas constant) how will the quantity demanded of bus rides change (direction and %)?
The United States has been the largest exporter of corn for over 40 years. How can Economics and comparative advantage explain this? Other countries have no use for corn since they produce other foods.
A firm is currently producing in the elastic portion of its demand curve. What course of action do you recommend for it assuming it wants to raise revenue Continue producing at the current output level
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