Demand and supply linear equation
American smoke 470 billion cigarettes and the average price per pack was $2. If the price elasticity of demand is -0.4 and price elasticity of supply is 0.5, calculate the demand and supply linear equation.
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Thereby causing weekly output to rise by two units and total costs to increase from $3000 per week to $ 3300 per week. What is the marginal physical product of hiring five workers instead of four?
What is the name of the theory that predicts the "no-arbitrage" outcome outlined above? What does this theory predict about the term structure of interest rates in terms of how the yield of long term bonds are related to yields on a sequence of 1
The state government and raise employment in the Indiana State wine industry. Do you agree with these claims. By the standard of economic efficiency, is it a good policy?
1. Analyze how accounting policies are defined in the literature. 2. Determine how the authoritative literature addresses comprehensive income and illustrate with an example.
Suppose that the U.S. noninstitutional adult population is 230 million and the labor force participation rate is 67 percent. What would be the size of the U.S. labor force?
Graph the marginal-revenue, marginal-cost, and demand curves. At what quantity do the marginal-revenue and marginal-cost curves cross? What does this signify?
James owns a sole proprietorship. James pays his son Albert, age 17, $8,000 and his daughter Chloe, age 19, $11,000 for their work in the business. Both wages are reasonable for the work they perform. How much FICA tax must the sole proprietorship
Assume autonomous net taxes fall by $800 and the MPC is 7/8. Net exports, planned investment, taxes, and government purchases are autonomous and remain fixed. As a result, saving will initially:
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