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The United States will have how many additional shirts and boots after the trade? How many additional shirts and boots will Canada be able to consume after the trade?
To raise the incomes of the worlds severely poor population (income less than $2 per day) to the official threshold of U.S. poverty (roughly $5,000 per year per person)?
Conduct research to determine if the group colonized or if it immigrated to the United States. Did the group face prejudice, segregation, racism, or any combination of the three?
Generate a schedule showing total product, average product, and marginal product. Plot this schedule on a graph.
show the sampling distribution of the sample mean price for new homes based on the sample of 100. what is the probability that the sample mean for the 100 new homes will be within $10,000 of the popul
What is the effect of being white on the probability of approval when obrat 32, which is roughly the mean value in the sample? Obtain a 95% confidence interval for this effect.
Should they wait until new firms actually enter? Explain how advertising can be employed to allow Tots-R-Us to keep price above average cost without encouraging entry.
Write a brief (500 word) report describing what shift factors of supply and/or demand might be at work and how you would label those factors.
The company believes that the price elasticity for this product is about -2.5. If it decreases the price to $63, what should be the quantity sold. Will revenue increase? Why?
The following relations describe the supply and demand for posters. Where Q is the quantity and P is the price of a poster, in dollars. What is the equilibrium price?
The company until after the program is over (programs may run between 6 to 18 months). In offering such training programs, is a company violating the optimality rule? Explain.
By what percent have prices increased over the past thirty years? What average annual inflation rate would have resulted in this answer?
What is your suggested mix of pricing and nonpricing strategies? Explain your answer. How will you increase product differentiation?
Do you agree or disagree that Microsoft was trying to gain monopoly power in the computer software industry? Are monopolies always bad?
Explain how inflation can have redistributive effects in the economy. Do you think the Federal Reserve over-emphasizes inflation as a policy concern?
Consumer incomes are expected to rise by 5 percent next year. How will this event affect your ordering decision for PVC pipe, which is the main component in your furniture?
Suppose the present price of good X is $50, PY = $100, M = $25,000, and AX = 1,000 units. Based on this information, the cross price elasticity between goods X and Y is?
MICHTEC's economists estimate the chances that the economy will be either expanding, normal, or in a recession next year at 0.3, 0.5, and 0.3 respectively. Compute the coefficient of variation of an
How will you determine the profit-maximizing quantity? What is your suggested mix of pricing and nonpricing strategies? Explain your answer.
Fed and its Tools. Given the role of the Fed in our economy, how can the Fed use the tools that is has to influence an economy that is in a recession?
What are some possible reasons why there is this increase in AD? Explain in detail what this disparity between aggregate demand and aggregate supply would cause.
Suppose that in Slovakia, one unit of labor can produce either 16 tons of wheat or 32 tons of soy while in Poland, one unit of labor can produce either 4 tons of wheat or 2 tons of soy.
To pay for these paths, it then taxes Andrew, Beth, and Cathy the prices a+b+c=MC. If the taxes are set so that each resident shares the cost evenly (a=b=c), how many paths will get built?
The nation of Potchatoonie produces hockey pucks, cases of root beer, and back rubs. Assume 2000 is the base year. Find nominal GDP and real GDP for each year.
What would happen in the Tempe pizza market if pizza and sub sandwiches are substitutes, and there occurred an increase in the input prices of the resources used to produce sub sandwiches?