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Based on the demand curve above, determine the equation of the demand curve if consumer income is $30,000, the price of good Y is $10, and the price of good Z is $20?
Determine the optimal quantity of labor demanded? A perfectly A Perfectly competitive firm has a MPL = 20-L. If P = $5 and w = $10/hr
Which of the following is NOT an advantage to interviews you may obtain additional helpful information from the interviewees nonverbal behavior or the environment
If Eastern Airlines knows the arc price elasticity of demand for its airplane tickets is -2.12, discuss what price would they have to charge in order to obtain the same level of sales as before Cont
When computing the standard deviation what does it mean when the sum of the deviation about the mean is NOT 0
Assume demand for a medical service is given by the equation P = 1000-2Q. Assume the price without insurance is $100, but insurance reduces the consumer's out-of-pocket price to $50.
Problems with the global commons are becoming more prevalent as human economic activity increases Global warming and ocean pollution are examples of global commons issues
Suppose that 10,000 people are willing to spend a maximum of $20 each to preserve one acre of rainforest. A conservation group mails out a request to each person asking him or her to mail in $40 to
Which one of the following variables is most likely to increase as production effort is increased? Which one of the following variables is most likely to decline as production effort increases?
Which one of the following is the least-likely to be subject to exploitation as a common property resource?The open access equilibrium for a common property resource occurs at the point where...
A local golf course just bought a lawn mowing machine. It comes with the two years free maintenance. The manager wants to give them enough money in an 8.00% bank account now (EOY -0) to have a fund
Determine the U.S. auto maker plans to build 2 more plants in the China as it aims to harness continued growth in Asia. The company estimates that it must make annual investments of $40 thousand ove
A company currently sells 60,000 units a month at the $10 per unit. The marginal cost per unit is $6. The company is considering raising the price by 10% to $11.
If the cost of the therapist per unit of service is $50 and the cost of the machine per unit of service is $100, then the health care provider faces a tradeoff of how many units of labor for each on
Without participation incentives, will a confused student ask a question when it would be socially efficient? Discuss how will they know it is socially efficient?
Determine the "transfer" expenditures of governments? Why aren't they included as part of "government is spending" in calculating the GDP?
Suppose you are the manager of a firm that receives revenues of $40,000 per year from product X and $70,000 per year from product Y. The cross-price elasticity of demand between product
Who are the losers and winners from using corn to form the ethanol (gasoline)? Find out some of the unintended consequences of using the corn to form the ethanol.
On an S/D diagram demonstrate the effect on Treasury Bond markets of using these surpluses to buy the back outstanding treasury securities and decrease the governments' outstanding debt.
Assume the nominal GDP rose from 6250 billion in the1995 to 6630 billion in 1996. If GDP deflator rose from 125 to 130 during this time, explain what was the percent growth in real GDP?
The first cost for the bridge will be $6,500,000. Annual repairs and maintenance will cost $25,000 for each of the first 5 years, increase to $30,000 for each of the next 10 years, and increase agai
Evaluate the role of credit rationing in both a less-developed country and a developed country. Discuss how does the role of credit rationing influence economic growth and employment in these two c
Antitrust regulations would most likely require one of the following in order to determine whether or not a merger may enhance competition. Which one is it?
Draw and explain in order of sequence the key items that led to the War of Independence. Discuss why the navigation laws were so important to England.
A friend provides to give you 10 payments of $12,000 at the annual time periods zero through ten years except year three if you give him $10,800 at year three. Determine the Present worth Cost Modi