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a consumer consumes food f and hours of leisure h the unit price of food is 1 in any day the consumer earns wage rate 2
given the information in the table answer the following questionsyear 2001 nominal gdp 500 real gdp 400 real interest
gas prices fluctuate often and in both directions in your initial post respond to the followinghow responsive do you
describe and give one example of price elasticity as a consumer provide an example of an inelastic good and an elastic
1 many us states adhere to jessicas law which does not allow convicted sex offenders to live within a certain distance
if 20 scoops of ice cream are consumed when the temperature is 70 degrees and 40 scoops are consumed when the
with current technology suppose a firm is producing 500 shirts daily also assume that the least-cost combination of
digital books llc is a company that sells e-books related to career advising and professional development digital books
the introduction to the chapter argues that preferences for coffee changed in the 1990s and that excessive rain hurt
the market demand for a good is given by p 16 - 2qd and the market supply is given by p 4 4qs find the equilibrium
give an example that shows what happens to a firms total revenues when it faces price elastic demand specifically tell
suppose that at a given input combination the marginal product of labor is 6 and the marginal product of capital is 3
youre a tourist visiting new york and youve budgeted 1400 to spend on hoodies from supreme and bape your friends have
if you were a perfect competitive producer what would be your product or serviceexplain your rationale with at least
suppose a firm sells 15000 units when the price is 20 but sells 25000 units when the price falls to 14a calculate the
bob sells soft drinks suppose that bob lowers his price from 5 per drink to 4 per drink and as a result quantity
if we know fc mc profit and quantity why to find profit maximizing price in short run we use formulaprofitp-mcq how
boris and natasha disagree over matter of monetary policy natasha claims that monetary policy is useless because money
suppose an individuals budget and prices of commodities she faces are respectivelynbspinbsp 50pxnbsp 2pynbsp3if the
a friend says he expects to make money in the stock market using what he learned in economics about the effect of
in 2001 bobs burgers charged 150 for a quarter-pound hamburger with all the fixins and sold 7500 of them in 2002
for each of the following draw supply and demand graph that presents market for eggs in initial equilibrium then
1 correct the following statements if needed so that terms demand quantity demanded are used correctly write down the
digital books llc earns a yearly positive economic profit of 25000 if it can sell 10000 e-books each time a customer
what is the difference between implicit and explicit cost can you give an example of