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Question: Suppose that the demand for graphic artists is LD = 5,000 - 20W, where L = the number of graphic artists and W = the daily wage.
a. What is the own-wage elasticity of demand for graphic artists when W = Php1,000 per day? Is the demand curve elastic or inelastic at this point? b. What is the own-wage elasticity of demand for graphic artists when W = Php2,000 per day? Is the demand curve elastic or inelastic at this point?
Sylvain borrowed $200,000 at 7.39% for 10 years for start-up costs for his new business. Assume he makes all of his monthly payments as scheduled.
Create a business plan for Netflix to enter a global market in which they are not already doing business (see section 2 of Table 8.1).
Use the “simplified core-periphery model” to tell a story about the rise and fall of NYC population as a share of US population since the 19th century. What is left out of the story?
Evaluate from the last six months congressional actions on the economy. Find a recent news article explaining a bill
To examine the effects of incumbency (running for re-election to a house seat you currently hold) in the 2018 US House of Representatives election,
In the discussion of exchange rate overshooting, we assumed that real output (Y) was held constant. Assume instead that an increase in the money supply causes
Suppose that the return on short-term government securities (perceived to be risk-free) is 5%. Suppose also that the expected return required by the market for a portfolio with a beta of 1.6 is 18%. According to the capital asset pricing model (CAPM)..
What happens to the rental rate of land? Explain your answer using the graph for the equilibrium in the specific-factor model.
How is production function related to marginal product of labor?
John and Diane are the only two people living on a desert island. They have two sources of food, hunting rabbits and fishing
Referring to the 10-year historical period 1980-1990 discuss an example of a change in autonomous spending. Research a government policy implemented during that time and discuss the multiplier effect it had on the economy.
Out of 14 students, 4 win an award. The rewards are all different and I have no additional knowledge about the students skills, GPAs, etc...
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