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Suppose that legalizing the use of marjuana would decrease its price by 93%. If the price elasticity of demand for marjuana is -2.00, what would be the percentage increase in the quantity of marijuana demanded from legalizing marijuana? _______ percent.
How does the introduction of minimum wage in the US confirm or dispel that minimum wage was never indented to be a living wage? What are at least two specific goals of minimum wage laws and what modern day societal occurrences speak to either proof t..
Assume Hailey's Utility Function is U = x^2 y . The price of X is $8 per unit and the price of Y is $2 per unit. Her income is currently $240 / month. Determine her utility maximizing quantities of x and y. Suppose the price of X goes down to $4 per ..
Cartels with a small number of industries have a greater probability of reaching the monopoly outcome than do cartels with a larger number of industries.
A state meat inspector in Iowa has been given the assignment of estimating the mean net weight of packages of ground chuck labeled "3 pounds.
In a recent article, a researcher reported that he had found the demand curve for kerosene to be upward sloping.-as the price of kerosene rose the quantity demanded of kerosene increased. Illustrate what questions might you have for this researche..
In a given population, the probabilities of dying in successive 10-year intervals, in percent, are [6, 4, 4, 4, 4, 8, 15, 20, 40, 100]. Assume that total deaths in each interval occur evenly throughout the interval. Find the proportion of individuals..
Which do you believe is more important for a firm’s financial efficiency and success: economies of scale or the learning curve? Explain and be specific, giving examples, not discussed in class or the textbook, where possible to support your answer.
If individuals resisting change are included in making change decisions in an attempt to gain their support, what is this approach called?
There is a loan for 5,00 dollars with interest of 8 % annually. There is another way to repay the 5,000 dollar by making 4 annual payments of 1,000. Then what would the 5th payment be?
International trade has many tradeoffs for each country. Overall, what has been the global trend in trade policies from 1950 to 2000?
Advise Steve whether he will able to rely upon his insurance policy. Support your answer with relevant cases and legislation.
Did the economic recession we've experienced recently affect your organization
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