The Demand curve for Demonic Draker is Q_D=90-5P_D-7P_M+2Y Replacing with given constants in this equation we get Q_D=90-5P_D-7×8+2×15 ⇒Q_D=64-5P_D The Supply curve for Demonic Draker is Q_S=24+3P_D+8P_S Replacing with given constants in this equation we get Q_S=24+3P_D+8×3 〖⇒Q〗_S=48+3P_D In the Demonic Draker market, the equilibrium price for the product will be at the point where the demand and the supply curves meet. For this the condition required is Q_D=Q_S. Hence replacing
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The beta of the portfolio is (a) 1.25 (b) 1.33 (c) 1.45 (d) unable to be determined from the information provided. Answer: C Level of Difficulty: 3 Learning Goal: 5 Topic: Portfolio Beta (Equation 5.7) 51. The higher an asset’s beta, (a) the more responsive it is to changing market returns. (b) the less responsive it is to changing market returns. (c) the higher the expected return will be in a down market. (d) the lower the expected return will be in an up market. Answer: A Level of Difficulty:
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Marcus Sims Professor McDermott Microeconomics 2 February 2014 Video Report Week 4 a. How is Economics used to reduce Pollution under this process, explain? Economics is used to reduce pollution under this process due to corrective tax. This is a tax designed to induce private decision makers to take account of the social costs that arise from negative externality. Economists prefer these taxes on pollution because they reduce pollution at a lower cost to society. The higher
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A Change in Demand Shifts in Demand • Ceteris paribus is a Latin phrase economists use meaning “all other things held constant.” • A demand curve is accurate only as long as the ceteris paribus assumption is true. • When the ceteris paribus assumption is dropped, movement no longer occurs along the demand curve. Rather, the entire demand curve shifts! 1. Factors other than price can affect a demand for a product over time. 2. These factors can cause a shift in the demand curve
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Sending or receiving business on the Internet is called ecommerce. This term of business is also known as electronic commerce. All of ecommerce is really the buying and selling of anything online. There are many different types of activities that fall in this category. Anyone on the outside must remember that any type of business conducted electronically can technically be a part of ecommerce. Popular examples of ecommerce revolve around buying and selling online. But the ecommerce universe contains
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Regional intergration List of acronyms AERC African Economic Research Consortium ASEAN Association of Southeast Asian Nations AU African Union AUC African Union Commission CBI Cross Border Initiative CEPGL Economic Community of the Great Lakes (Communauté Economique des Pays des Grand Lacs) CET Common External Tariff CHE Commission for Higher Education (Kenya) CIEREA Conference of Economics Research and Training Institutions in Francophone Africa CIRES Ivorian Centre
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A Keynesian beauty contest is a concept developed by John Maynard Keynes to explain price fluctuations in equity markets. It is the view that much of investment is driven by expectations about what other investors think, rather than expectations about the fundamental profitability of a particular investment. Upon reviewing the set up of our experiment compared to that in the article “A Keynesian Beauty Contest in the Classroom” I found several differences in procedure that may have affected the results
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Chapter 1: What is Economics? The Economics of the Super Bowl Thinking Critically Questions 1. Why is the Super Bowl such an attraction for advertisers? Advertisers are attracted to the Super Bowl because of the amount of people that watch the game. The big budget commercials are also part of the experience. "According to a survey recently conducted by the Retail Advertising & Marketing Assn., 36.3 percent of consumers will tune in primarily to watch the commercials." 2. What makes
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The number of people who applied for unemployment benefits and applications went down slightly last week, after a previous big drop the week before. The labor department said that there were 367,000 seasonal applications for unemployment. Applications for unemployment are a great measure of the pace of layoffs. When applications are consistently below 375,000, it says that job growth is strong enough to lower the countries unemployment rate. There were only 135,000 jobs that employers added in March
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Current Market Conditions Competitive Analysis Microeconomics 365 December 8, 2014 Introduction/ History of Apple, Inc. When participating in an increasingly competitive industry like the cell phone industry one must be prepared for any thing their competitors come out with. In order to stay ahead or at least in the game is to know your competitor and their product. Apple is one of the biggest cell phone competitors there is and knowing about them will always help out. Apple Inc. is a
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