Question: In a certain county, 27% of registered voters are Republicans, 20% are Democrats, and the rest are Independents. 34% of Republicans oppose increased military spending, while 68% of the Democrats and 56% of the ...
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Question: On July 5, 1884, Dudley, Stephens, and Brooks - "all able-bodied English seamen" - and a teenage English boy were cast adrift in a lifeboat following a storm at sea. They had no water with them in the boat, and ...
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Question: You have been shopping around for a student loan and you have seen some wide variance between interest rates. You need to borrow $30,000 for 4 years. A loan from your local bank comes with 7% per year interest, ...
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Question: Explain these questions a. Compare the Marginal Revenue Curve for a firm in the PC-market with the Marginal Revenue Curve for the monopolist. b. Explain in your own words why a company that creates a negative e ...
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Question: The supply and demand functions for natural gas from 1950 to 2007 are followings. Qs= 0,02 + 0,7Pg + 0,045Po + 0,06I Qd= 148,82 -1,8 Pg + 0,069Po + 0,05I Where Pg is the price of natural gas, Po is the price of ...
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Question: Assume that the demand curve D(p) given below is the market demand for apples: Q = D(p) = 280 -13p Q = D(p) = 280 -13p, p > 0 Let the market supply of apples be given by: Q = S(p) = 44 + 5p Q= S(p) = 44 + 5p, p ...
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Question: During past recessions, housing prices generally rose much less than usual, and fell in real terms. Yet in the 2001 recession, housing prices rose much more than average. What factors caused them to rise so rap ...
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Question: During the early 1960s, wage and price ‘‘guidelines'' were in place that were supposed to limit the gains in wages to the increase in productivity, hence holding prices almost constant. Since the CPI rose at an ...
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Question: Consider a mineral that is in fixed supply, Q s =4. The demand for the mineral is given by Q D = 10- 2p,where pis the price per pound, and Q D is the quantity demanded. The government imposes a tax of $2 per p ...
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Question: Consider a driver's decision regarding how fast to drive. In particular, suppose that for this driver, the benefit (ins) of driving x miles per hour (mph) above the speed limit usually is B(x) = 63x - 2x^3. Als ...
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