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1 name a specific product you buy for which demand is inelastic do not use something generic such as gasoline or
annual demand and supply for the entronics company is given by qd 5000 05 m 02 a - 100p and qs -5000 100p where q
in each of the following give an example of tax expenditures and conventional expenditures explain how the same results
suppose that a country produces wine w and cheese c using its supply of 400 hours of labor labor hours and 600 acres of
you are willing to work up to 80 hours a week you make 10b 1 an hour b91 define and graph your budget set in terms of
suppose you have a 20 gift card and want to buy blue and red yarn the utility function from yards of blue b and red r
a woman made 10 annual end-of-year purchases of 1000 worth of common stock the stock paid no dividends then for 4 years
assume there are two countries home and foreign home has 1000 labor hours available it can produce two goods apples and
consider two markets the initial equilibrium for both markets is the same p 450 and q 270 when the price is 775 the
1 the equivalent amount of money that can be spent seven years from now in lieu of spending 50000 now at an interest
name a potential problem that could lead to biased results if you were to identify the effect of attending a for-profit
to what extent did ethnicity play a role in americarsquos neutrality from1914-1917 how significant was americarsquos
a 10 year zero coupon bondwith a face value of 1000 is sold at a price of 400 if the annual inflation rate is expected
suppose that a consumer can purchase apples for 1 and bananas for 050 the consumer is willing to spend 10week on fruita
you are planning for retirement 34 years from now you plan to invest 4 200 per year for the first 7 years 6 900 per
1 suppose that in a bold move the owners of the movie theater in moscow decide to raise the price of general admission
in kessyrsquos old kitchen he could bake 10 cookies or mix 15 glasses of lemonade in a day now he has a bigger oven and
explain why the solution to problem 7 d above is greater than the number you begin with which is 5 use one of our
draw a production possibilities frontier ppf with missiles on the horizontal axis and butter on the vertical axis
television production requires 100 hours of labor and 20 acres of land rice on the other hand requires 2 hour of labor
demand for cars is p 100minus8q and supply is p 10 q q represents number of cars in thousands and p is the price per
the distinction between a change in demand and a change in quantity demanded is best made by saying thata a change in