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1. What government policies have:
(a) Encouraged?
(b) Discouraged employment in the leisure and tourism sector?
2. Why is it difficult to measure the impact of recreation, leisure and tourism to the economy?
Q#1Assume the demand curve for beer is given by P=11.7-2Q; the supply curve is given by P=Q.
starting with the estimated demand function for chevrolets given in problem 2 assume that the average value of the
In many modern U.S. industries the following relationships seem to be predominant: What factors might explain these patterns? Small firms are more likely to outsource production of inputs than are large firms;
the president of eec recently called a meeting to announce that one of the firms largest suppliers of component parts
The steady increase in demand for home computers has resulted in the massive increase in demand for web access, yet, the price of access has been steadily declining.
Over the years the market demand for “long-playing records made of polyvinyl has fallen considerably as new technologies replaced the old “lp” yet lps are still available for sale and they sell at price points higher (in some cases much higher) than ..
Calculate both Macaulay and modified durations of the 8-year, 8.5% coupon bond given a flat yield curve at 10% and explain why zero coupon bonds have a higher Macaulay Duration than coupon paying bonds of the same return.
The marginal product of labor (measured in units of output) for Expando Corp. is given by MPN = A(400-N) where A measures productivity and N is the number of labor hours used in production. Suppose the price of output is $.150 per unit.
Draw a production possibilities curve among health and all other goods. Insert a point in the drawing that illustrates an economy with an inefficient health system. Insert two additional points that illustrate two efficient economies, but two that co..
a firms long-run total cost curve is tcq 100q 0.5 . derive the equation for the corresponding long-run average cost
Presume that the quantity supplied of cars exceeds the quantity of cars demanded. At the market equilibrium, resources are allocated efficiently because: Presume that at Jones and Smith Shoe Factory, the marginal cost of making a pair of shoes is $15..
The dollar's exchange rates against foreign currencies became more volatile. Does our analysis of the foreign exchange market suggest any connection between these two events?
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