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Suppose that the price of beer rose by 7.8%, the price of pizza rose by 1.2%, and the price of chocolate did not rise at all. Also, suppose that beer represents 46 percent of the economy and pizza represents 42 percent. Chocolate is the rest of the economy. What was the inflation rate for this economy? Please show how the answer was achieved.
Electoral College system take a country named know land that has. Suppose there are 9 small states in know land where each have 1 million people in.
Draw a supply and demand curve, label X & Y axis and show equilibrium. Show a shift in demand and supply, and why it has occurred (non-price determinants). Describe all changes. Show in two or more graphs and use 2 examples for each - supply and dema..
Did the drop in price in the previous question increase revenue?
q.the warren amp smith company manufactures commercial zippers of the two kids x and the kind y. its production
Think of a strategy pursued by the company your work for or another company. How can game theory help improve the outcomes for the decision makers? Explain whether simultaneous-move, repeated-move, or sequential-move games are most applicable in the ..
Graph the labor market with efficiency wages. Give a reason why firms would want to offer efficiency wages. Does the presence of efficiency wages increase or decrease the natural rate of unemployment?
The graph below depicts the relationship between fish species population and annual growth.
Use the following table of Consumer willingness to pay to answer questions 13-16. Assume the cost of producing the goods is zero. What is the total profit to the monopolist from selling the goods separately? What is a better pricing strategy for the ..
In an investment set up as a perpetual trust, the annual disbursement for the first 10 years is $10,000. If the trust is set up initially with $100,000, determine the disbursement that can be made from year 11 through infinity if the interest earned ..
For each of the following characteristics, say whether it describes a perfectly competitive firm, a monopolistically competitive firm, both, or neither.
When the Federal Republic of Germany (West Germany) absorbed the German Democratic Republic (East Germany) in 1990, residents of East Germany had accumulated large amounts of savings. Papers in the United States explored why East Germans saved so muc..
quickly discuss the problems of measuring productivity in actual work situations. how might productivity be measured
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