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The demand for illegal drugs is inelastic. Much of the expenditure on illegal drugs comes from crime. Assuming these statements to be correct, What will happen to the amount of crime?
What is average fixed cost when 150 units of output are produced?
Elucidate how these economic concepts can be used to address IBM's problems and opportunities. Identify which economic and political policies affect your IBM and explain how they impact business decisions.
Why is are quarterly movements in a country‘s GDP measure so important? What is it called when a country has two successive negative quarters of economic growth?
Pick a good or service. Distinguish between the short-run and the long-run production and cost function for that good or service. Discuss how price plays a role in short-run and the long-run decisions and how managers are likely to respond in each..
In 1980s, 1990s, and the 1st decade of the 21st century, the US experienced a significant inflow of capital from abroad. Use a diagram of the United States capital market, demonstrate the effect of this inflow on rental price of capital in the US and..
Allowing free trade between countries can be beneficial, but it also imposes costs. Use the ITT Tech Virtual Library to research costs and benefits of allowing free trade. Discuss aspects of international trade that some may consider unfair.
What is the difference between the real interest rate and the nominal interest rate? How would not knowing the difference effect perceptions of the economy and affect people's decisions?
Larry's marginal rate of substitution of leisure for income and the person's optimal number of hours worked is seven hours, then the wage rate must be
The article above says, "Underlying the Treasury market's limited downside Monday is the broad based concern that even with the war in Iraq having been completed,
Suppose that, other things remaining unchanged, the price of X falls to $1. What quantities of X and Y will you now purchase.
What do you think about current and projected budget deficit [over 500 Billion this year and coming years] and do you support Bush's economic policy to cut tax and run the Federal government through lending?
Elucidate what was the actual price elasticity before the cartel was formed.
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