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Why is the price elasticity of demand for Coca-Cola greater than price elasticity of demand for soft drinks generally? Briefly discuss.
Suppose you read in an industry publication that the Rothschild index for the petroleum industry is 0.88. Based on past experience, you know that the price elasticity of demand for the petroleum products sold by your firm is ?1.5.
Suppose that a country has no public debt in year 1 but experiences a budget deficit of $40 billion in year 2, a budget surplus of $10 billion in year 3, and a budget deficit of $2 billion in year 4. What is the absolute size of its public debt in ye..
Suppose that a firm's production function is given by Q=K^0.33L^0.67, Where MPK=0.33K^-0.67L^0.67 and MPL= 0.67K^0.33L^-0.33. As K increases, what happens to the marginal product of labor? Why would the MPL change as K changes? What happens to the ma..
An unemployed leather maker is most likely to be considered to be structurally unemployed. A new college graduate looking for his or her first professional job may experience frictional unemployment. Cyclical unemployment is unemployment that is in e..
When the possibility of collusion exists in a duopoly, but both firms cheat after colluding, how will their actual profits differ from their expected profits?
For lunch, Ada prefers to eat soup and bread in fixed proportions. When she eats X pints of soup, she prefers to eat 2X ounces of bread. If she has X pints of soup and more than 2X ounces of bread, she eats all the soup along with 2X ounces of bread ..
Consider the 1999 REPEAL of Glass-Steagall. Do you think we should REINSTATE the separation of commercial and investment banking? Why or why not?
What are some of the social costs of inequality in America and other societies?
Consumers are not able to resell good 1. For p
Some home business expenses), but their variable expenses are quite high (e.g. inventory, packaging, and transportation). Using the textbox for this assignment - provide Ludmilla and Magda with an idea of how many SKU's they will probably have to sel..
Suppose the Federal Reserve’s decided to purchase $20 billion worth of government securities in the open market.
Broad overview of economy and oil in the world
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