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The price of cotton rises. What happens in the market for cotton shirts?
The equilibrium price falls and the equilibrium quantity rises
The equilibrium price rises and the equilibrium quantity falls
The equilibrium price and quantity rise
The equilibrium price and quantity fall
What would happen if the government chooses to increase the number of years that a firm can enjoy patent protection from 20 years to 25 years?
The first cash flow of a 25-year series of quarterly cash flows is equal to $35,000. Each cash flow in the series increases by $800. Find the amount of each cash flow in an equal quarterly cash flow series that is equivalent to the increasing cash fl..
Suppose that in January 2014, Joe Biden had borrowed $50,000 from his bank and paid an interest rate of 3%. He paid it back on December 31, 2014. What was the nominal interest C rate that Mr. Biden paid to his bank? (1) What was the real interest rat..
Consider the model of team production in which total incomearrow-10x10.png is four times the total amount of effort supplied. there are two individuals on the team and each individuals on the team and each individual i has the utility function u dete..
A fungus destroys 25% of the banana crop in Central America and the number of immigrant workers who pick apples increases. What happens to the supply or demand for apples?
If a large-scale war resulted in massive destruction of physical facilities, but not loss of life
The state has announced its plans to license two firms to serve a market whose demand curve is given by ? = 100 ? The technology is such that each can produce any given level of output at zero cost, but once each firm's output is chosen, it cannot be..
Elucidate the relationship between MC and AVC that causes MAC to intercept AVC at AVC lowest point with economics.
Microsoft wants to sell more copies the additional income from each additional copy it sells.
Illustrate what is the present worth of the planned expenditures at an interest rate of 10% every year
Frankie and Johnny can both earn a wage rate of $10 per hour and, coincidentally, both have $100 per week in non-labor income. Assume that both have T = 100 hours per week to allocate to leisure and work. Frankie chooses to work 40 hours per week. Us..
Which of the following procedures is correct?
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