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Suppose you have just 2 hours to determine how many people in your hometown would be interested in buying a pair of left-handed scissors. Give a stepby-step outline of how you would seek to find out within the time allotted.
Business Economics, Economics
The attractiveness of a country as a market or investment site depends on balancing the likely long-term benefits of doing business there, against the likely costs and risks. What do you consider are the determinants of ...
Suppose we have a hypothetical economy with a Marginal Propensity to Consume of seventy-five percent (75%). Further assume business investment spending increases by $2,000. By how much will this change affect Gross Domes ...
What is the factors that determine wages which are largely responsible for determining how the economy's total income is distributed among the various members of society?
Why do we say there is no unemployment in our standard frictionless model? And why do we HAVE unemployment in a labor market with frictions?
Suppose demand and supply are given by: Q d x = 14 - 0.5 P x and Q s x = .25 P x - 1 a) Determine the equilibrium price and quantitiy. b) Suppose a $12 excise tax is imposed on the good. Determine the new equilibrium ...
You are given the following cost function: TC=80Q--4Q^2+0.1Q^3 a. Derive the average variable cost, average cost, and marginal cost equations. b. Over what range of output does economies of scale exist? Diseconomies of ...
QXd = 14 - (1/2) P X and QXS = (1/4)P X - 1 a. Determine the equilibrium price and quantity. Show the equilibrium graphically. b. Suppose a $12 excise tax is imposed on the good. Determine the new equilibrium price and ...
Some farm land is more productive than other land in the sense that it can grow more food per hectare. Farmers also use fertilizer to grow food (i.e. adding fertilizer increases crop yield by 10 percent) earn more revenu ...
Why would the Australian government debt be consider not too high?
What are the main things to remember about elasticity, supply and demand, tax incidence, government controls on the market, and economic theories?
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
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