+61-413 786 465
[email protected]
Home >> Microeconomics
Gerry receives a raise from $10 per hour to $12.50 per hour. After the raise, Gerry increase the number of channels in her cable subscription from 50 to 75,.What is Gerry's income elasticity of cable demanded?
Microeconomics, Economics
Question: In your own words but with accuracy, state and explain the second version of Kant's Categorical Imperative. Give an example and explain whether it accord with this imperative or not. The response must be typed, ...
Question: What do isoquants look like if there are no substitution possibilities at all, for example, if making a one-pound cake requires precisely three eggs and three cups of flour? The response must be typed, single s ...
Question: Jared Bernstein, an economist at the Center on Budget and Policy Priorities, has stated: "I want to see receipt of unemployment insurance go up in recessions." If government unemployment insurance payments didn ...
Question: 1. Draw a short run firm and industry competitive equilibriums for a perfectly competitive gator farming industry before the number of alligators farms in Fl. doubled. For simplicity assume the gator farm is ea ...
Question: A law is passed that requires every firm in a perfectly competitive industry to give six months' notice before it closes. What effect, if any, will this law have in the short run? In the long run? The response ...
Question: During 2002, the Federal funds rate remained more than 1% below the rate of inflation. When that happened in 1972 and 1975, the next two business cycle peaks ended in double-digit inflation, although admittedly ...
Question: Acknowledging country risks and opportunities relative to key exports is essential in comprehending the effect of globalization on our world economy. Compare and contrast the strengths, weaknesses, opportunitie ...
Question: Suppose that the demand for rough laborers is L_D = 100 - 10W, where W = the wage in dollars per hour and L = the number of workers. If immigration increases the number of rough laborers hired from 50 to 60, by ...
Question: Explain, verbally and analytically using a 'Factor Specific' Model, why it is that owners of flexible factors are more likely to benefit form trade than the owners of factors that are fixed to one type of produ ...
Question: A home mortgage with monthly payments for 30 years is available at 6% interest. The home you are buying costs $120,000, and you have saved $12,000 to meet the requirement for a 10% down payment. The lender char ...
Start excelling in your Courses, Get help with Assignment Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.
Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p
Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As
Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int
Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As