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At the 2013 Winnebago County Fair a vendor is offering a "fair special" on sandals. If you buy one pair of sandals at the regular price of $50, you get a second pair at a 40% discount, and a third pair at half the regular price. Javier took advantage of the "fair special" to buy three pairs of sandals. What percentage of the $150 regular price did he save?
Consumers in Georgia pay twice as much for avocados as they do for peaches. However, avocados and peaches are the same price in California
Compute the profit maximization level of activity. Compute total revenue, total cot and profit or loss at profit maximization level of activity. Compute elasticity of demand at profit maximization. Compute the breakeven level of activity.
assume that from the initial consumer equilibrium position price of good x falls while price of good y remains the
you are the oil minister of one of 5 key opec countries. the world demand for oil can be reduced to q 100 - p and
the federal reserve controls the three tools of monetary policy-open market operations the discount rate and the
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We said that an uncrowded country club gulf course has the aspect of a publc good.Why? Is it still a public good if it becomes crowded and people's game are slowed down?
suppose bill is on a low- carbohydrate diet. he can eat only three foods rice krispies cottage cheese and popcorn. the
explain and compare these four different scenarios on how mortgage depreciation and tax expense impacts decisions on
Total Revenue and profits are maximized at the same level of output if:
The payment to resource owners has to be equal to ____ in order to keep the resources in their current use. The term price maker
1.product meansa all the services needed with a physical good.b a physical good with all its related services.c the
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