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the monthly price of internet access services decreases from 20 to 10 and the total quantity of monthly account across
mario works part-time at pizza hut and earns an annual wage plus tips of 15000 he sold 4000 pizzas at 5 per pizza
develop a 2100-word economic outlook forecast that includes the followinganalyze the history of changes in gdp savings
which of the following is an example of empirical worka susanna develops a simple model to represent the life cycle of
continuing with the above example of pineapplesa calculate the percent change in price that occurs in moving from point
the graph above shows the demand curve for pineapplesa calculate the amount of revenue the seller would receive if the
a draw a diagram of a perfectly inelastic demand curve suggest an example of a good for which demand might be perfectly
the graph shown above illustrates the demand curves for two goods sun hats and beach balls which demand curve is
1 elasticity is the same as the slope of the demand curve2 income elasticity of demand is always expressed as a
coretta can build three chairs in her first week of work in the second week she starts to get tired and has to take
producing umbrellas requires inputs of fabric metal and labor umbras umbrella factory experiences increasing returns to
a shoe factory has 500 employees and produces a thousand pairs of shoes per houra what is the shoe factorys
as augustas hair salon increases its staff from 1 to 15 hairdressers it experiences increasing marginal returns because
1 economic profit is equal to the difference between revenues and economic costs2 sometimes a project with high social
1 a trolley must have 30 passengers paying 1 each in order to meet the full cost of a trip across town right now only
suppose that the cost of production of laptop computers shows initially a brief span of decreasing marginal costs
a farm can produce either chickens or horses or both the chickens eat corn while the horses eat oats and hay both
the us census bureau has experimented with a variety of possible definitions of personal income the gini ratio in the
suppose that by devoting all its resources to coffee production ethiopia can produce 6 tons of coffee while if it
the graph above shows a lorenz curve for income distribution in the country of utopiaa label the horizontal and
1 suppose that the government institutes a sales tax on purchases of paper plates graph the effects of this tax2
suppose hair dryers are produced by a monopolistic firm the chart below shows the quantities of hair dryers that can be
harrys auto shop is a perfectly price discriminating seller harry has an uncanny ability to assess how much people are
the following graph shows the demand curve and the marginal cost curve for a monopolistic firm producing electric carsa
the model of perfect competition starts with the assumptions of the traditional neoclassical model and then adds some