good day ma

Suppose your parents decide to stop paying for your textbooks (assuming they paid for them in the first place). What is the expected effect on your food consumption as a whole? Is this an example of the income effect, the substitution effect, or both? Why?

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Roger has two separate 2-acre fields. They are both better suited to growing corn than wheat. Each field can produce 40 bushels of corn or 20 bushels of wheat. Suppose that for each field, Roger considers planting the entire field in either corn or wheat. As a result, he can plant...

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Suppose that in Ireland total annual output is worth $600 million and people work 30 million hours. In Canada total annual output is worth $800 million and people work 50 million hours. Productivity is higher

Read Kimberly Ann Elliot's summary of the Doha round of trade talks: http://www.iie.com/publications/pb/pb06-5.pdf Should the USA and Europe make concessions in the agricultural sector to ensure the completion (and supposed success) of the Doha round of talks? Elaborate on your position.

Suppose demand for inkjet printers is estimated to be Q = 1000 - 5p + 10pX - 2pZ + 0.1Y. If p = 80, pX = 50, pZ = 150, and Y = 20,000; answer the following: What is the price elasticity of demand?

a monopolist operates in plant1 and plant2.the marginal cost of the two firms are;MC1=120-15q+3q2 and Mc2=90-26q+9q2.calculate the over all MC for the first 10 units of output and indicate where each successive unit will be produced?

Consider a simple economy with two individuals, John and Marsha. The economy is endowed with 30 kilograms of cheese and 30 loaves of bread each month. John and Marsha s preferences for bread and cheese are given by their marginal rate of substitution of bread for cheese: Marsha: John:...