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chinua spends all his money on fish and coconuts. his budget line is drawn with fish on the vertical axis and coconuts on the horizontal axis. if the price of fish increases the: A; vertical intercept will decrease B: horizontal intercept will decrease C: vertical intercept will increase D: horizontal intercept will increase?
What are episode-based payments (EBPs) and how do they differ from traditional FFS payments. What is the economic intent behind EBPs? Explain how EBPs relate to the idea of supply-side cost sharing?
Compute the price elasticity of demand when price changes from $100 to $80 per pair using the average formular.
Some people have asserted that the concept of compensating wage differentials for unfavorable job characteristics cannot exist in industries in which union contracts force salaries and benefits to be the same across firms. If SUNY campuses were the o..
For promotion to lieutenant, police officers in a city police department first have to pass a written aptitude test. This requirement was challenged in court by several black officers on the grounds that the test unfairly discriminated against blacks..
Republicans running for national office often run on a platform of lowering the income tax rate. They argue an income tax reduction is needed to spur employment and economic growth.
The European Central Bank has recently announced a program similar to the quantitative easing (QE) carried out in the USA (see the link below for details). What is the macroeconomic rationale for this? Do you think this program will work in the Euroz..
The same size of word for data and instructions, what is the size of each data register. Elucidate what is the size of the instruction register of the computer in the fist question.
Define yield, load factor, revenue, and profit. Explain the interaction between these 4 variables (for example, if an airline raises prices in an attempt to increase revenue, what is the likely effect on yield?).
The current price floor in the agricultural lettuce market is $1 per head. The price floor makes it such that the price of lettuce is 25% higher than equilibrium price and 100 heads of lettuce are demanded at the price of $1. Assuming that the elasti..
Assume the bailout of the U.S Auto industry works, and the world's car buyers begin to prefer American cars to those of other countries. Explain carefully the effect this change in consumer preferences will likely have on the long run pattern of the ..
Given the demand curve P= 2,000 – 2Q and marginal costs of MC = 1,100 + 2Q, the firm’s profit will maximize at equilibrium price and output of: Based on the demand and cost function in previous question, in a two-part tariff pricing strategy, what is..
What is the multiplier in this model? The d is suppose to be a little below the Y.
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