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1 economicsts first proposed measuring utility with a unit of measure termed a util what was the problem with his
quotas and tariffs canyield the same amount of tax revenue if they are set appropriatelyhave the same effect on the
answer the following questions1 ceteris paribus is latin fora all fixed b all variable c all included d all excluded2
1 countries that choose to pursue a fixed exchange rate have less or more flexibility to pursue monetary policies in
the weekly demand and supply functions for seats on flights between syracuse and boston have been estimated as follows
the demand for a product is given by p 350 minus 2q and the supply is p 30 4q what is the increase in the tax rate
suppose that you increase production from 100 to 101 units of a good after doing so your tr remains unchanged is the
many people wish to live in the beautiful town of beachfront by the sea but they donrsquot like the rents in its
the table below shows information on demand and supply for boxes of 1 dozen water glasses the lobbyists for the water
the demand curve for product x is given by qd x 220 minus px 3py 0001i where py is the price of a related good y and
which of the following will not shift the supply for teaa a change in the input price of teab an improvement in
what is the combined consumer surplus for the customers who buy the porsche spyders when the market price is
if a good has an income elasticity of demand equal to 27 how will the quantity demanded change when consumer income
a truck for hauling coal has estimated net cost of 55000 and expected to give service life of 250000 miles with salvage
bill katz prefers less of good 1 to more and he prefers more of good 2 to less bill has strictly convex preferences ie
why does it make sense to use scarce water resources to grow crops that require the most water why donrsquot farmers
consider an economy where people can be either employed e or unemployed u letrsquos normalize eu1 so that at any
in the united states corn is often used as an ingredient in animal feed for livestock why does an increase in the use
consider a small nation producing both computers y-axis and coffee x-axis and facing increasing opportunity costs
1 the riparian use doctrinea encourages conservation of waterb protects the rights of those who got there firstc
the useful life of a machine is 6 years with 1800 hours of operation annually the estimated annual ownership and
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why would the global campaign halt the spread of the imitated medicines with the cost of innovation and the necessity
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in testing whether the means of two normal populations are equal summary statistics computed for two independent