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George has been selling 5,000 T-shirts per month for $8.50. When he increased the price t0 $9.50 he sold only 4,000 T-shirts. What is the demand elasticity? If his marginal cost is
GDP vs GNP in kenya
the central economic problem facing the group of survivors
What are the important tools of making decisions? Making Decisions: a. How economists model decision making through individuals and firms b. Implicit costs and Explicit-C
A budget deficit is defined as: A. accumulated surpluses minus accumulated deficits. B. a shortfall of revenues compared to expenditures. C. accumulated deficits minus accumulated
the classical model assumes that consumption depends positively on disposable income. now suppose that consumption also depends on the real interest rate. a) sketch the loanable
Explain the meaning of a production possibilities curve
Why and how does free trade help the U.S. economy? How might free trade hurt the U.S. economy?
what is the use of national income statistics as an indicator for a country''s standard of living?
What is income generation process
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