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a. At the equilibrium values, determine the price elasticity of demand. What does this number tell us?
b. At the equilibrium values, determine the income elasticity of demand. What does this number tell us?
Illustrate what is the relation between marginal benefit and marginal cost at this level of the control variable.
How would you design a specific customized compensation plan for Agent-Principal (owners, managers also workers) which would address both increased productivity also decreased turnover.
The constant rate no before the one child policy; after the introduction population growth drops to the constant rate n1 analyze the effect of this policy.
Consider a market where demand is d:p=24-Q and supply is s:p=2+Q. impose a specific tax t= $2 on each unit sold in the above market.
If there is a 10% decline in the cost of women's fur coats and a 25% increase in quantity demanded Illustrate what is the elasticity.
Illustrate what will be the short run effect of government imposition of a lump sum tax per firm equal to 170? If this tax remains
Explain how much pollution reduction should Appalachian Coal Mining undertake.
Suppose the current price of gasoline at the pump is $1 per gallon and that 1 million gallons are sold per month. A politician proposes to add a 10¢ tax to the price of a gallon of gasoline.
Suppose the entire civilian labor force is 20,000 people and the number of unemployed is 2,000 people.
briefly explain the probable effects of the screenwriters’ wage increase on: Equilibrium price, equilibrium quantities, and total revenues in the movie and popcorn markets.
Why do points on a utility possibility curve represent efficient allocations of resources? Why must the utility possibility curve be downward sloping
A television network will allow National Motors to advertise its claim if the appropriate null hypothesis can be rejected
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