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A new tax on airline tickets has raised concerns the European airline traffic will fail. Show the effect on airline ticket prices and quantity demanded. Show the shift of supply and/or demand curves and explain why the curve(s) shifted.
Business Economics, Economics
How has the value of the Euro changed, compared to other countries, over the past 10 years (since the Great Recession began)?
A tire manufacturer believes its tires will last an average of 48,000 miles, with standard deviation of 2,000 miles. What is the probability that one of these tires, chosen at random, will last at least 50,000 miles?
Determine the minimum sample size required when you want to be 80% confident that the sample mean is within 1.3 units of the population mean. Assume a standard deviation of 9.24 in a normally distributed population.
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If a country, lets say UK since Brexit, faces higher inflation and lower output than potential, which I am guessing is a adverse supply shock. What kind of FISCAL policy is needed to fix this issue? Explanation has to be ...
Suppose that a firm that produced buttons had a production function given by: q= 4L 0.5 K 0.5 . The firm has 16 units of capital in the short run. Determine the amount of labor required to produce 64 units of output ...
Singapore is among the most open trading economy by global standards because of its lack of natural resources and consequently has to design its trade policies for both imports and exports accordingly. Discuss its succes ...
Leprosy, also called Hansen's disease, is a disease produced by infection with a bacterium called Mycobacterium leprae. It has a long incubation period (time between getting infected and developing the disease), usually ...
Couriers such as UPS and FedEx complete on service and price. One way to reduce cost is to keep labor cost low by hiring and laying off workers to meet the demand. This strategy requires managers to hire and train new wo ...
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