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you are a very powerful lobbyist and have convinced your client that you can make them the only legal extractor of coal
assume that a 10 increase in consumer income ceteris paribus caused a 4 decrease in the purchase of bus tickets based
farmers can plant either corn or soybeans in their fields suppose that a new technology for converting corn into liquid
if the demand for product z is perfectly inelastic then the corresponding price-consumption curve will bea horizontal
assume that the price for the services of tarot card readers has risen and sales of these services have fallen this
sales and operations planning sampop about meritor headquartered in troy mich united states meritor is a leading global
assume that the current demand and supply curves for widgets can be expressed asqd 200 ndash 5p and qs 50 10p
assume that the equilibrium price for a good is 7 and the equilibrium quantity is 100 units per week at a price of 4a
suppose for a given consumer x is an inferior good and y is a normal gooda focusing on the income effect show that an
assume that the demand function for artichokes is nbsp nbsp nbsp nbspq 200 ndash 40 p 5i ndash 11 pb 14pcnbsp nbsp
in terms of the equilibrium price and equilibrium quantity what happens when 1 supply and demand shift to right 2
ez sharp industries inc manufactures the kleen edgetm line of diamond-abrasive cutlery sharpeners for home use ez sharp
1 what factors have to be at work to allow something like the bernie madoff ponzi scheme to be as successful as it was
consider the plight of two equally skilled economists ann and bill ann lives in ohio where she pays a monthly rent of
when it comes to vehicle performance there is often a tradeoff between speed amp acceleration and safety features high
consider an economy with the following cobb-douglas production functiony5k13l23a derive the equation describing labor
suppose a consumer uses his income to buy food f and clothing c note his preferences are to not go without either the
suppose the marshallian own price elasticity of demand for soda pop is -13 and the hicksian own price elasticity of
the first of a series of equal monthly cash flows of 2000 occurred on april 12008 and the last of the monthly cash
suppose that the equation for a demand curve is p 15 ndash 05q a draw the demand curveb how much of this product could
suppose the government decides to impose a tax on gasoline and use the revenues to reduce income taxes in a manner such
assume that books were sold in a perfectly competitive market in response to consumer complaints about the high price
all consumers have 24 hours in a day which they can devote to leisure to work or to shopping for each hour a consumer
using typically shaped indifference curves graphically decompose the impact of a price increase into a substitution
sally the greekrsquos preferences can be described by the utility function ux y 2x12 y122a what is equation for the