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I am looking to explain economic principles / ideas/ recent developments in economics. I can’t promise to answer, but will try if it meets the criteria below.
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- I am looking to explain economic principles/ideas/ recent developments in economics.
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Fred’s income increases from $840 per week to $1,160 per week. As a result, he decides to purchase 24 percent more bubble gum each week. The income elasticity of Fred’s demand for bubble gum is. the answer is 0.75 I want to know how they got it since I am getting a different answer. what I did was (change in quantity/change is price)*(Pavg/Qavg) = (24%)(1000)/(12%)(840-1160) and I get a completely different answer Thanks for your help
Why does the first equimarginal principle says that the net benefits are maximised when the marginal benefits from the allocation equal the marginal cost
What are the factors that can lead to a successful price collussion
What are the reasons and potential benefits of leaving a good or service to be provided by the free market despite the good having (or potentially has) negative externalities or causing inequality of some sort?
Can’t fully understand why many Society’s are in agreement with governments with the “hands off “approach
Discuss the importance of surplus on an economy
What are the relationship between balance of payments and inflation?
they are both the financial flows…because during inflation there is likely going to be a high flow of money since consumers will be spending on high prices and balance of payment itself is financial flow resulting from a country s trading and financial exchanges with other countries
A 26 year old woman just landed her first real job and is being paid $45.98 an hour. She will receive employer-paid-for health insurance, and 20% employer contribution to her retirement account. She does not know how much she will actually have each month, but does know she will be paid once a month. What is her annual salary?
love this site so much. from what have seen so far… a friend of mine directed to sites.. and am finding it to be very interesting.
I have jus visited it now, and I have found so many interesting questions and answers…its very interesting
What is strategic trade theory, and how does it diffe to other trade theories by demonstrating a reason against free trade?
what is the meaning of intermediate economics
sir pls explain me this question
q: A company is selling a product at a price of $120 per unit . At this price it is selling 200000 units per period . it has estimated that for every $5 increase in price demand will fall or increase by 10000 units . At what selling price total sales revenue per period will be maximized ?
would you be willing to update the numbers for 2016 ‘Gilt Holdings by sector’ https://www.economicshelp.org/blog/627/economics/who-lends-the-government-money/ piece ?
The PFS Finance stats source for explanation of codes is no longer available.
Can you print out the PDF copy if you buy it?
Yes, definitely.
what are the main types of inflation
demand pull inflation, mild inflation and cost push inflation
What is human capital and how does an increase effect growth in the long run