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An individual spends all his income on two goods X and Y. If with the rise in price of good X, the quantity purchased of good Y remains unchanged, what is the price elasticity of demand for X?
q. you sell a commodity in a market that resembles perfect competition and your cost function is cq 2q 3q2.
Was your contract with Bobby a unilateral or bilateral contract; if unilateral, at what time did Bobby substantially undertake performance?
What is the 99% confidence interval? What is the new critical value for this calculation?
Discuss White Privilege. Apply concepts of White Privilege to any other kind of privilege that those in power enjoy.
How do I test this hypothesis at the .07 significance level using the p-value method? I need to include the null and alternative hypothesis
Suppose that in addition to repairing your car, you can also spend money advertising. If you repair your car for hours and spend A dollars advertising, your benefit (the amount you revive when you sell your car) is B(H,A)=220H-H^2+2A. Both H and A ar..
Discuss the economics justifications for a merger. In particular, how might these reasons apply to companies now merging in the following industries oil automobiles telecommunications electric power commercial banks
Consider debt and exchange rate crisis vulnerability for the country of Ukraine; please explain how you would minimize risks to possible investment.
The following questions refer to the following graph of a consumer's indifference curve. What is the consumer's marginal rate of substitution between points A and C? What is the consumer's marginal rate of substitution between points C and B?
Draw the average product of labor curve and the marginal product of labor curve for this production function (again, let K = 1).
If firms in a monopolistically competitive industry are making an economic profit, Select one: a. all of the answers are correct. b. price is higher than marginal cost. c. new firms will enter the industry. d. economic profit will fall in future peri..
Midwestern power companies generate much of their electricity by burning coal. Tall smokestacks, required because of concerns about local pollution, carry the sulfurous smoke high into the atmosphere. Impose regulations on the power companies that wo..
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