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Due to an "agreement" in OPEC to cut supply, prices have rebounded to the 50's. How does "marginal economics" factor into these changes? What are the motivations of the different suppliers as prices change?
q1. according to a study of u.s. cigarette sales between 1955 and 1985 when the price of cigarettes was 1 higher
Paul invest $700 in the manufacturing of lights. during first two years, he earns $1700 each year. after that, the operation folds and he earns nothing. Paul's discount rate is 20%. what's the NPV of Paul's operation?
In each of the following situations, what type of unemployment is Melanie facing? Explain.
All of society competes for the limited resources that are available. In an answer of at least two well-developed paragraphs
Suppose the parameters of the Romer model (the no-capital version) take the following values: A¯ 0 = 100, ¯` = 0.10. ¯z = 1/500, and L¯ = 100. What is the growth rate of output per person in this economy? What is the initial level of output per perso..
Some economists talk about a non-accelerating inflation rate of unemployment (NAIRU). The term the text uses for this concept is:
Suppose Wave detergent is sold in a monopolistically competitive market. If the price of Wave detergent is currently $6 and the ATC is $4, in the long-run.
If all n identical firms in a market belong to a cartel, how much total output will be produced relative to the monopoly output, and how much will each firm produce?Suppose the graph on the next page depicts the demand for football tic k ets at Gr..
Consider the market for corn in the United States. Suppose that the mandated percentage of ethanol in gasoline is increased and at the same time a corn blight destroys a significant portion of the corn crop. Using a supply and demand diagram, show wh..
The annual income from an apartment complex is $23587. The annual expense is estimated to be $2208. The apartment complex could be sold for $115756 at the end of 10 years. If your MARR is 10%, how much should you pay for the apartment complex if you ..
Xyz inc produces two types of calculators financial and scientific. Each financial calculator generates 50 profit and each scientific calculator generates 30 profit. the company has 100 bases for production and each calculator requires one of those b..
Anthony Figueroa is a CPA, who works for an accounting consulting firm. His annual salary income is $70,000. Anthony is considering opening up his own consulting firm. He estimates that the annual rent for an office would cost him $20,000; a secretar..
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