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Jason enjoys DVDs and spy novels and spends $60 a month on them. The price of a DVD is $20 and the price of a spy novel is $10.a. What is Jason's real income in terms of spy novel?b. What is the relative price of a DVD?
Illustrate what is the relationship among the variable selected and the economy. What trends do you see in the data sets.
Illustrate what effect do you think it had on learning by the industry as a whole. What factors might explain these patterns.
How were slaves involved in the New England economy in the 17th and 18th centuries and biotech is just one of several up and coming industries in Massachusetts. Give some reasons that Biotech has clustered here and what are some other industries t..
Elucidate economists use two major approaches to estimate incremental environmental costs. Which in your view likely produces the most reliable estimates.
A monopolist faces demand curve p = 11-Q , where Q is measured in thousands of units. Compute the firm's degree of monopoly power using the Lerner index?
The inverse market demand curve is P=140-Q, and inverse supply curve is P=20+Q. Now Assume a commodity subsidy of $20 is given for each unit of production.
Utilize the information to predict the yearly number of VCR's sold under the following conditions.
Assume a friend tells you that her Economics instructor made two seemingly contradictory statements to the class. The statements were 1.
Assume, in a 2-sector model, that individuals earn the following payments from business sector: wages $520, interest $30 rent $ 10 and profits $80.
A sample of 500 business professionals found that 30% chose an airline based on price. a) If the population proportion of all business professionals who select an airline based on price is 0.27, then what is the probability that we would find a s..
Suppose that an automobile race track is built several miles from a small town. After the construction is completed it is discovered that the heavy roar from the cars regularly disturbs the 2,500 local residents between the hours of 10:00 PM and 1..
Market Value of the final goods and services produced in the domestic economy= $1,15,000 of which goods worth $10,000 are distributed among the Tsunami Victims. Net factor income to abroad= 4000 and the govt. is offering subsidies to the producers..
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