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The USD inflation rate is 2.6%. The Mexican inflation rate is 2.4%. If the spot rate one year ago was $0.049 per peso, what would we expect it to be today?
Public utilities such as electricity are referred to as natural monopolies and are often subject to regulation by a state authority
Suppose you have $300. each apple costs $2 and each banana costs $5. draw a picture showing the limits of what you can buy (apple on y axis)
The demand function for x is given by x(px, py, I)= 5px^(-1/2)py^(1/4)i^(1/4). Find own-price, cross-price and income elasticities of demand.
How has inflation over the last five years affected you and/or your family? Discuss how a business manager, such as a human resources manager, might use CPI.
Why should business track both their implicit and explicit costs?
The purchase of a used pickup for $9000 is being considered. Records for other vehicles show that costs for oil, tires, and repairs about equal the cost.
What is Nancy's lifetime income if she gets no schooling? What is it if she goes toschool for all 60 remaining years of her life? In words, describe the "cost" to Nancy ofchoosing to attend school for 1 additional year.
a) What remains the most effective way we know to protect other species from the negative impact of people?
Argument using economic concepts and also mention non-economic factors that support your side - Something to think about is that both sides
All Giffen goods are:
Use the demand supply model to explain how changes in demand could cause seasonal variation in the equilibrium price of oil. Use the demand supply model to show how the extent of seasonal variation in oil prices can depend on the elasticity of suppl..
What is the relationship between commitment and renegotiation? Commitment and reputation? Why might an army invading an island destroy its landing craft or burn the bridges behind it?
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