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Questions: Explain the difference between an increase in demand and increase in the quantity demanded.
a. Which is depicted as a movement along the demand curve?
b. Which is depicted as a shift in the demand curve? Increase in demand means the price goes down due to how
you are asked to decided between two projects based on annual equivalent worth A B -$10,000 -$12,000 $6,000 $7,000 $5,000 $8,000 $4,000 a) what assumption do you need to make in comparing these mutually exclusive revenue projects
If the company issuing the insurance referred to in (c) convinces Steve to pay the amount you indicated, will the insurer earn a profit? If so, how much profit will it earn?
Given the recent events in the US Airways and American Airlines merger, one has to wonder, is the airline industry monopolistic? Which is worse, monopolies or competition? Explain your answer.
Can you think of a circumstance where it could be true?
Freeport McMoran purchased two model MTVS peristaltic pumps (to inject sulfuric acid and King Lee antiscalant) for use at its nanofiltration water conditioning plant. The cost of the pumps was $950 each. Assume 30 days per month and a 3-year pump l..
A friend convinces you that she has a great idea for a business, and the two of you incorporate. You supply her with funds and let her make all of the executive decisions. Under the agreement you hold 30% of the firms stock and your friend holds 7..
If every $1,000 increase in the real price of homes adds 5 cents to annual consumer spending (the "wealth effect"), by how much did consumption decline when home prices fell by $2 trillion in 2006-8
what would be the vehicle operating cost of your company for each semi-truck in cent per mile?
On your diagram, show the deadweight loss that occurs because the output level is determined by a monopoly rather than by a competitive market.
How has this event affected the prosperity of the firm and the owners of the factors of production employed by the firm? Explain.
Government output is sometimes considered fixed, with a goal of minimizing the cost of providing that output. Thus, it is thought that when faced with an increase in the cost of labor, government costs go up in the short run, but adjust downward i..
Suppose that the current market price of VCRs is $300, that average consumer disposable income is $30,000, and that the price of DVD players (a substitute for VCRs) is $500. Under these conditions annual U.S. demand for VCRs is 5 million per year.
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