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Why does a consumer's price elasticity of demand for a good depend on the fraction of the consumer's income spent on the good? Why does the elasticity of demand for a good with respect to its own price decline as we move down along a straight-line demand curve?
how much does the economy have to grow potential output is 3.5 and the unemployment rate is 7.3 in 2014 to bring the
describe both quotas and tariffs. how do they impact domestic prices and deadweight loss? how does an import quota
If the firm uses a discount rate of 17.5 percent, what is the NPV on this project? what is the NPV of this investment?
Analyze what is driving the increase on "donations" for certain body products. Explain the rationale for this trend.Provide an example of a time when you had to deal with opportunity costs. Describe the situation and how you responded.
In a recent policy change, DeBeers has decided to: abandon its policy of profit maximization. purchase the entire output of other mines and withhold diamonds from the market to bolster diamond prices. promote "premium diamonds"
Differentiate the expenditure versus income approach to GDP and discuss why are the results the same? What are some of the drawbacks of using GDP while doing international comparisons among countries?
a identify three economic variables that create differences in market interest rates on assets andor liabilities. b for
Explain how either the Newhouse model or the Physician Workshop model could explain why hospitals might inefficiently over-invest in expensive, new technologies. What drives excessive technology investments in each model
What are the primary types of risk that investors or companies exposed to when dealing in the international financial markets What are the primary ways one can protect themselves from this risk
john and dave value national defense differently. johns demand for the public good is p 50 - .20q. daves demand for
problem 1assume that in period 0 we have y200 c180 g0 and mpc0.75. assume in period 1 only g increases by 30. how much
for your next consulting assignment you are employed by the european trade commission to examine the consequences of an
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