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1. When the price of a box of herbal tea bags rises from $0.99 to $1.21, the quantity offered for sale rises from 400,000 to 600,000. What is the price elasticity of supply?
2. When the price of wheat rises from $2.34 to $2.46, some farmers switch crops, and the amount of barley offered on the market falls from 101 million bushels to 99 million. What is the cross elasticity of supply?
3. When the wage rate rose from $6.25 and hour to $6.75 and hour, employment in Fastfood, Inc. fell from 5,100 to 4,900. What is the price elasticity of demand for labor?
Illustrtae what are the nominal rates of interest for both the United States and the euro area?
Compute the expected utility of each project and identify the preferred project according to this criterion.
Elucidate how the topic you chose relates to the growth of US banking overseas.
Illustrate what are economic influences which affect the organization in a negative way.
Compute the long-run impact of a permanent rise in money supply versus a permanent tax cut.
In 1990s, Chrysler Company placed nearly all decisions about the development of a new vehicle in the hands of a single, cross functional product team.
Bank A offers to lend $10,00 at a nominal rate of 7 percent, compounded monthly. The loan must be repaid at the end of the year.
Discuss the effects of innovation and technology on the expenses of production and how does technology affect market structure and real world competition?
If you are the chief economist of a country experiencing high unemployment and flat GDP, what macroeconomic policies might you enact in response to these economic conditions? How would you expect these policy changes to impact the economy?
Assume that the nominal wage rate equals 60. In the short-run, aggregate demand and aggregate supply are equal at a price level of 1 calculate the real wage rate.
Explain how would you rate Ben Bernanke's performance as Chairman of the Federal Reserve.
What is the profit-maximizing price for this firm? On the graph show the area, which area represents the net loss to society resulting from the monopoly power conferred by the patent?
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