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You only buy apples and bananas. Your budget is such that you can purchase 3 apples and 4 bananas or 9 apples and 2 bananas. Write the equation for the budget line with bananas on the y-axis. Is that equation unique?
Compute the monthly payment and explain whether taking this loan is a smart business decision.
A social scientist claims that the average adult watches less than 26 hours of television per week.
Illustrate what is the point price elasticity of supply at the equilibrium quantity. Illustrate what is the new equilibrium quantity also price if every capita income increases to 20.
A Los Angeles firm uses a single input to produce a recreational commodity
Suppose that the demand for healthcare services is perfectly inelastic while the supply curve is upward sloping. Analyze the impact.
His parents claimed that hospital doctors administered excessive oxygen to the baby and that this caused the blindness.
Illustrate what effect this could have on the price of cigarettes also the quantity of cigarettes sold
Explicate how firms decide on where to produce depending on the marginal product and average product.
Conclude which of these three countries would be the best choice also support your answer.
In your opinion should our government impose price floors and/or price ceilings in our economy.
Suppose nominal GDP in 1999 was $100 billion also in 2001 it was $260 billion. Illustrate what is the own-price elasticity of demand.
Did the economic recession we've experienced recently affect your organization
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