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What is the marginal revenue (MR) function for this demand function: Q = 90 - 4.6P
What is quantity that maximizes total revenue (TR) for the marginal revenue (MR) function?
How does the concept of economic efficiency relate to the coordination problems of the economy?
Suppose the price elasticity of demand for bread is 1.00. If the price of bread falls by 20%, the quantity demanded will increase by: Suppose that a 20% decrease in the price of good Y causes a 20% increase in demand for good X. The coefficient of cr..
why is growth in average labor productivity viewed as a key factor in determining long-run living standards?
The American Baker’s Association reports that annual sales of bakery goods last year rose 15 percent, driven by a 50 percent increase in the demand for bran muffins. Most of the increase was attributed to a report that diets rich in bran help prevent..
The United Nation's Department of Economic and Social Affairs, Population Division, tracks the total number of foreign-born people by nation.
To what extent to do you agree/disagree with the actions of the central banks during this time?
Two companies, Rothko, LLC, and Calder & Co., are racing each other to be the first to apply new deep-water drilling technologies to an oil deposit. If Rothko, LLC gets to the oil first, its stock will increase by 63%, and Calder & Co.\'s stock price..
A new OSHA rule requires that welders be given 2 hour break for every 2 hours of work to prevent carpel tunnel syndrome. Using production theory, explain what will happen to the capital labor ratio in both the short run (when capital is fixed) and..
Suppose the Fed purchases $1,000 worth of Treasury bonds. Suppose also that the required reserve ratio is 10%. How much money will be created in the banking system?
You are short 30 gasoline futures contracts, established at an initial settle price of $7.62 per gallon, where each contract represents 42,000 gallons. Your initial margin to establish the position is $13,875 per contract, and the maintenance margin ..
In the short - run macro model, which of the following is the cause of cyclical unemployment?
Over the past several years, the predictions of the Philips Curve haven’t exactly panned out. Now, with the expectation of meaningful expansionary fiscal policy on our horizon, and starting from near full employment, the predictions of the Philips Cu..
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