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given an estimated demand function for avocados
of Q = 104 - 40p + 20pt + 0.01Y, show how
the demand curve shifts as per capita income, Y,
increases by $1,000 a year. Illustrate this shift in
*1.4 Suppose that the demand function for movies
is Q1 = 120 - p for college students and
Q2 = 60 - 0.5p for other town residents. What is
the town’s total demand function (Q = Q1 + Q2 as
a function of p)? Carefully draw a figure to illustrate
your answer.
am. M
*1.4 Suppose that the demand function for movies
is Q1 = 120 - p for college students and
Q2 = 60 - 0.5p for other town residents. What is
the town’s total demand function (Q = Q1 + Q2 as
a function of p)? Carefully draw a figure to illustrate
your answer.
Find the elasticity of substitution for the following production function:Q=√LK where Q represent quantity of output produced L and K represent labour and capital used.
how the interest rate works to stabilize aggregate demand in the face of autonomous changes in components of demand such as investment or government expenditure ,if the aggregate supply is perfectly inelastic.
Home has 1200 units of labor available. It can produce two goods as Apples and Bananas.
The unit labour requirement in apple production is 3. For Banana production ,it is 2.
1. Graph Home's Production Possibility Frontier
2. What is opportunity cost for apples in terms of bananas?
3. In the absence of trade, what would the price of apples in terms of bananas? Why?
200-words essay about this video link: https://youtu.be/9Eq4C9ch-vk
what is the goal of macroeconomics?
With those questions in mind, as you read Kirk Hanson's overview of ethical issues in start-up companies, whom would you identify as key stakeholders for entrepreneurs to consider?
Which of the following are potentially valid arguments for tariff or export subsidies and which are not ? Explain your answers!
a. “The more oil the United States imports, the higher the price of oil will be in the next world shortage"
b. “US Farm exports don’t just mean higher incomes for farmers - they can create higher incomes for everyone who sells goods and services to the US Farm sector”
