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Microeconomics, Economics
1.) The market demand function for corn is Q d = 15 -2P. The market supply function is Q S = 5P - 2.5, both measured in billions of bushels per year. The initial equilibrium price is $2.5, and the initial equilibrium q ...
Question: The British pound appreciated (in real terms) significantly between 1977 and 1981. find two main reasons for this appreciation. Look for these two reasons in the behavior of oil prices (one of Great Britain's i ...
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Question: 1) When have you experienced price discrimination? 2) Did price discrimination provide a benefit for you or did you think you paid more? 3) Why do companies price discriminate. 200 words
Question: Rules restrict how we interact with others and, therefore, restrict our ability to engage in exchange. Given these are undesirable (from an economic standpoint), what benefits to rules provide us? What is the d ...
Question: You are running a small prototype PCA shop, and you need to borrow money to buy a new pick and place assembly machine. Your bank offers to lend you $100,000 for 10 years. You must pay $14.903 per year to pay of ...
Question: The National Park Service charges visitors to a certain monument a $5 per car admission fee and an additional fee of $5 per camera. Is this necessarily price discrimination or might it be based on costs? If it ...
Question: Improved methods of inventory control were supposed to reduce fluctuations in inventory stocks. It is clear that these methods have helped reduce the equilibrium inventory/sales ratios in both the manufacturing ...
Question: Older business cycle theories used to focus on what was called the ‘‘interaction of the multiplier and the accelerator'' to produce endogenous business cycles; the accelerator said that investment was proportio ...
Question: You work for a marketing firm that has just landed a contract with Run-of-the-Mills to help them promote three of their products: guppy gummies, frizzles, and cannies. All of these products have been on the mar ...
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