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Suppose that a new restaurant entry increased consumer elasticity of demand for the sushi appetizer from 2 to 3. The price you charge initially is $10. By how do you have to adjust the price? Will you still be able to make profit?
AAPL current trades at around 100. You think the price at the end of the year will follow a uniform distribution centered at the current price, with a range of 40 points in either direction by the end of the year. You want to compare your assumption ..
An increase in the U.S. demand for the Mexican peso Select one causes an increase in the U.S. dollar price of a Mexican peso. causes the Mexican peso to appreciate. causes the U.S. dollar to depreciate. causes Mexican goods to be relatively more expe..
Is Vietnam's current trade pattern consistent with any trade theory that you have learned in Econ 335? Please specify which theory/theorem that you apply and ex
There are 2 fishermen, Zach and Jacob, who fish along a certain coast. Both would benefit if lighthouses were built along the coast where they fish. The marginal cost of building each additional lighthouse is $25. The demand curves for lighthouses ar..
Suppose that the real GDP of a country is in equilibrium at $480 billion.
It is important for the economy to grow. This improves standards of living. For your submission, please include the following:
A developer has recently offered US Airways 2.5 million for the land. Should US Airways gives training facility at this locations.
Suppose that without trade, France is producing 50 units of cheese and 25 units of oilves, while Spain is producing 150 units of cheese and 100 units of olives. Now assume France specializes according to its comparative advantage and produces the max..
Explain how Maslow’s lower and higher level needs are related to Herzberg’s hygiene factors and true motivators. Give examples. What is the difference between hygiene and motivation factors?
Use the 0.05 level of significance to test whether the variances of the populations sampled can be accepted as equal.
1. a. The demand for skilled workers has risen relative to less-skilled workers, which has increased inequality. How would you show this through a Lorenz Curve
Suppose that new government spending increases lifespans. In our model what should be the effect of this on hours worked per person in a given time period? Does it matter whether government spending adds extra years to the lifespan of living adults w..
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