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Explain and discuss the following quote: "Politicians can be strange.
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Y= C + I + G Y= 5000 C= 250+ 0.75 Yd, Yd= Y-T I = 1000 - 50r G= T= 1000 1) compute the private, public and national savings 2)Find the equilibrium...
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An increase in demand will result in Question 8 options: an increase in price and an increase in quantity. an increase in price and a decrease in...
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Supply and Demand microeconomics What is the impact of a higher cost of tomatoes in the market for BLTs (bacon-lettuce-tomato sandwiches)?
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What is the impact of a decrease in the price of plasma TVs on the market for LCD TVs?
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What would be the impact on a decrease in the number of air carriers in the market for air travel?
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A consumer has 300 dollars to spend on two goods: A and B. One unit of A costs $3 and one unit of B costs $5.
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Describe and give one example of price elasticity as a consumer. Provide an example of an inelastic good and an elastic one for consumer household.
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The Indifference Curves below represent different combinations of gourmet pretzels and gourmet chips at two levels of utility.
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Assume that the diagram below represents the production possibility of a hypothetical economy: https://www.google.com/search?
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Below are definitions of concepts, fill in the blanks with the correct concept associated with the phrase/definition:
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A seller has a single indivisible unit of a good that is of interest to a buyer. The seller decides on a price p to set for the good.
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Companies persue closer coordination and collaboration with channel suppliers to better address customer needs inorder to 1) Develop human resource
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2 students take an exam. The student with higher score will receive 'Excellent' student with the lower score - 'Good'. Student 1's score = x 1 + 1 .
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Problem Two students take an exam. The student with the higher score will receive a grade 'Excellent' and the one with the lower score will receive...
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A student raises her hand in class and states, "I can legally copy any DVD I get from Netflix because Netflix purchased the DVD and the copyright...
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Which of the following is a result or implication of the cobweb model of supply and demand?
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When the government imposes an excise tax on the sale of a good or service, the burden of the tax will:fall mostly on the side of the market (buyers...
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The excess demand resulting from a binding rent control will be larger in the:
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Why are excise taxes usually levied on the seller of the good or service, rather than the buyer?
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A binding price ceiling will result in: excess demand for the good or service. the market eventually returning to the equilibrium price and quantity....
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A market is supplied competitively by 50 low-cost firms, each with cost curve Cl(q)=350+2q+q2 and n high-cost firms, each with cost curve...
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A firm produces Product A and Product B. This years sales price of Product A have decreased tremendously, and the sale of Product B has increase by...
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A cartel is branch of an oligopoly. There are still a handful of large firms and many smaller firms. For instance, the diamond industry and the...
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When we look at the ease to enter the different market structure, there is no doubt that 'monopoly' is the hardest. Why?
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Jonas is skilled at making both earrings and bracelets. Jonas has no preference between making earrings or bracelets since he earns the same amount...
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I NEED HELP WITH EXCEL IF STATEMENTS. I NEED THE FORMULA IF CARCLASS NOT HYBRID THEN EXPENSE PER CAR IS $50. IF CARCLASS IS HYBRID THEN EXPENSE IS...
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An economist with the Liquor, Hospitality and Miscellaneous Workers' Union collected data on the weekly salaries of workers in the hospitality...
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GSK Pharmaceuticals wish to ensure that their Paracetamol tablets contain, on average, the amount quoted on the packet of their product - namely 500...
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Suppose that all workers value a 1% reduction in the workplace injury rate at $1,000. The cost of reducing the injury rate by 1% is $200 per worker.
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Describe your experience with price elasticity as a consumer. Provide an example of an inelastic good and an elastic one for your household. What
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A decision maker has ordered every commodity in Walmart alphabetically according to the commodity's name.
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1) X, Y and Z are random vectors. Show that: (a) Var(X)=E(XX)E(X)E(X). (b) Cov(X,Y)=(Cov(Y,X)). (c) Var(X+Y)=Var(X)+Var(Y)+Cov(X,Y)+Cov(Y,X).
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one luxury goods manufacturer noted that, "our customers do not want to pay less. if we halve the price of all our products, we would double our...
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Question 1: Laurel's individual demand for Harry Potter books is given by qL = 50 2P. There are N consumers in the market for Harry Potter books in...
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Draw a production possibilities frontier showing increasing opportunity cost for hammers and horseshoes. On a graph, identify the area of feasible...
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Let us return to a modified version of the court settlement example. You have the option to settles out of court for $250K.
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Suppose Sac State is considering building more new parking lots on campus. The following table shows the marginal benefit to students, faculty/staff,...
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"The efficient quantity of a public good is provided if the marginal production cost equals the sum of consumers' marginal benefits.
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ABC Co. has just paid a $1.50 dividend and expects the dividends to grow at a rate of 4% forever. The expected annual return is 7%.
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Assume that demand for a commodity is represented by the equation P = 30 - 0.6 Q d, and supply by the equation P = 20 + 0.
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Suppose we are estimating the equation HousingExpendituresi = B0+B1Incomei+ Ei with income expressed in dollars, then using the same data
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Question :- All trucks traveling on Interstate 40 between Albuquerque and Amarillo are required to stop at a weigh station.
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When the price level in Australia drops, Australian net exports will _______, because of the ________.
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Italy's Ineffective Program for Reducing Smoking Spillovers In most systems for reducing pollution using an effluent fee, the government is directly...
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Suppose you make 30 annual investments in a fund that pays 6% compounded annually.
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Jeff decides to start saving some money from this upcoming month onwards. He decides to save only $500 at first, but each month he will increase the...
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Suppose you have a uniform series of $10,000 cash flows (each cash flow = $10,000) over the interval [1,10]. Based on an interest rate of 6%: Hint:
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Rebecca borrows $10,000 at 18% compounded annually. She pays off the loan over a 5-year period with annual payments, starting at year 1.
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Suppose that the following economy consists of two types of people, A and B, with population 100 for each type. Time is innite and labeled as t =...
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