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Explain how this information affects decision about whether or not to build a larger hanger that can produce aircraft at a lower cost per unit.
Suppose that two individuals, Jon and David, form a community and would like to construct a communal fort that would protect them from attacks.
What market structure is more beneficial for Wonks to operate in, and will this be the same market structure that will benefit consumers?
If no price controls had been in place, the effect of the oil embargo on the equilibrium price and quantity of gasoline would have been?
How much extra imports would have to be generated in Country A to offset the trade-diversion cost of the free-trade area?
If Congress levies an additional tax on luxury items, the prices of these items will rise. However, this will cause demand to decrease, and as a result the prices will fall down.
Be very inelastic since the amount he spends is not responsive to a price change. Be very elastic since the quantity he demands will change significantly if the price changes.
For bonus, write a 3-5 page paper about the microeconomic (sub sections of the national or macro economy) effects of an election year. There are tons of areas that an election.
If a positive supply shock of the same magnitude hits both countries, which country experience the greatest variability in output? Explain.
End of the first and second years and pays $1,060 upon its maturity at the end of the third year. What is the principle amount of the bond?
Discuss how the company you selected should increase its competitive stance in the marketplace. Provide specific examples to support your response.
The average total cost when 5 units of output are produced is $30, and the marginal cost of the sixth unit of output is $60. What is the average total cost when six units are produced?
Design an alternative author-compensation scheme under which the author and the publisher would pick the same price.
Describe the AD, AS equilibrium point. When the federal government offered the "cash for clunkers" car program, how did this affect the AD and AS?
Nancy's income increases from $20,000 to $30,000 and her consumption of spaghetti changes from 10 pounds per month to 2 pounds per month. Calculate the income elasticity of demand.
This means that the opportunity cost of milk is 5 grams of cheese per liter of milk. If you turn this measure of cost around, what is the opportunity cost of cheese in liters of milk per gram of chees
For Canada, what is the opportunity cost of a car? For Canada, what is the opportunity cost of grain? For South Korea, what is the opportunity cost of a car? For South Korea, what is the opportunity
Indicate whether the firm should produce in the short run or shut down in the short run, or whether additional information is needed to determine what it should do in the short run.
Use the Baumol-Tobin model to explain how each of the following events would change the demand for money: War breaks out, making it dangerous to travel.
write the equilibrium equation determining Y as a function of a, I, G, and T. If b equals 0.5, what are the numerical values of the multipliers for I, G, and T, respectively
If a positive supply shock of the same magnitude hits both countries, which country will experience the greatest variability in output? Explain.
The firm's marginal cost equals $15 and its average total cost equals $11. The firm sells its output for $12 per unit. At Q = 1,000, the firm's profit amounts to?
Determine the impact on income of a 50 increase in government spending from 250 to 300. Using the original data, compute the impact of a 50 decrease in taxes from 125 to 75.
the bank managers experienced with a number of higher prices (in 25-cent increments)at selcted ATM's. The marginal cost of an ATM transaction is $0.50. What ATM fee should the bank charge?
Calculate current quantity demanded. Calculate the price elasticity of demand using the point elasticity formula. Please show your calculations