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In a local market, the monthly price of internet access service decreases from $30 to $20, and the total quantity of monthly access accounts across all internet service providers increases from 130,000 to 230,000. What is the value price elasticity, expressed as a positive number (round answer to 2 decimal places).
The US stock market has set records for high values in recent months. This means the overall wealth of the populace has increased. What effect does this have on the following?
Assume Arturo is willing to trade 6 burritos to Dina for each 10 tacos which Dina produces also send to Arturo.
Elle preferences over apples (A) and bananas (B) are represented by the Cobb-Douglas utility function; What are the optimality conditions? Explain. Derive her individual demand curves for apples and bananas as functions of the prices and income.
The Ehrenberg Company is among the safest companies in the nation in terms of the number of workdays lost due to accidents that take place at it each year. If it is well-known that high noise levels cause hearing loss in workers, how can the owner be..
In Country 1 the rate of investment is 5%, and in Country 2 it is 20%. The two countries have the same level of productivity.
By what reasons financial crisis as well as either United States is going in right-wrong direction among its present strategies.
Explain the interdependence of Banks and Railroads and what effect it had on economic development. Explain why southern railroads had a much more difficult financial time then did railroads in the north.
Government fiscal policy and international trade seem to be linked. Let’s investigate their relationship.
In monopolistic competitive industry the products that make up that industry are virtually alike. Only a few minor differences separate one product from the other (take soap for example). In such a case one is lead to believe that consumers could cho..
Assume net exports are -$220, consumption is $5000, tax revenues are $1000, government purchases are $1500, and 2008 GDP calculated by the expenditure apporach is $8000.
q.start at the original correct equilibrium cost and quantity in part a. assume which the government wishes to decrease
One U.S. dollar is trading on the foreign exchange market for about 1.47 Chesterfield ales (the Chesterfield currency). Therefore, one Chesterfield ale would have purchased how many U.S. dollars?
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