Using the mid-point method, the price elasticity of demand is: -1.22 If the price of a good increases by 10 percent, its quantity demanded drops by 50 percent. The price elasticity of demand is: -5. When price decreases from $70 to $60, demand is ___ and total revenue ___. elast...
[Mid-year Examination] [Omit one question from each group] I. “The effect of England’s policy was, through a restriction of the market, to render the production of those staple commodities (i.e. of agriculture, and the fisheries) less profitable. Thus New England, and later the middle...
People’s State Bank became Pinnacle Bank became Civitas Bank became Citizens Bank of MidAmerica and is now the absurdly named Fifth Third Bank. Our era has given us overly complex bank upheavals. And student bank loans have gotten much bigger and been used by an increasing number of students...
In view of the present needs of the Department, I wish we could have found a man who combined all Duesenberry’s other qualities with striking performance on the lecture platform. Unfortunately, that has not been possible. However, while not a striking lecturer, Duesenberry has been and will ...
It is getting closer to the NCEA Level 3 exam and the A Level multiple choice paper. Below is a mindmap about monopolistic competition which will hopefully help with revision of the topic. Adapted from Susan Grant – A Level Economics Revision. ...
fresh water) faster than it can regenerate without eventually crossing some threshold beyond which that component of the structure is gone, or else the ecosystem itself crosses an irreversible threshold, with often unpredictable but potentially catastrophic results. Enough structure must be left intact ...
We had a very rigorous exposure, I would say, to a kind of more traditional mid-century style of social science, a little bit different than what people get taught today in most places. The organizing questions that we were asked to investigate were, how do human social systems function, ...
I heard from Alchian's students who studied under him, some as early as the mid-1960s; from people who learned economics from his and William R. Allen's textbook, University Economics; and from academics who learned from his academic articles. What comes across is that Alchian--whether in...
Harvard. Graduate Economic Theory Exam. April 1963 Recent Comments Malcolm Rutherford on How Black-Lives Mattered to Wesley Clair Mitchell’s Immediate Ancestors. Mid 19th Century Irwin Collier on Introduction to Economics in the Rear-view Mirror Tom Sullivan on Introduction to Economics in the Rear...