If cable TV subscriptions and movie rentals are substitutes for each other, what is the effect in each of these markets of an increase in wages for people who work for the cable TV company? Use your analysis to determine the sign of the cross
elasticity of demand between the quantity of movie rentals and the price of cable TV.
Question 2
The figure above shows the costs associated with producing paper. When paper is produced, there is some pollution runoff into a lake.
According to the Coase Theorem, if the transactions costs are low and there are only a few people involved, the output will equal ________ tons of paper if ________ own the lake. A) 3; only the lakeside residents
B) 3; either the firms or lakeside residents
C) 4; the firms
D) 4; either the firms or lakeside residents
A hypothetical example of the bottleneck effect.
Drugs and their effect table
The effect of thermal expansion
Effect of Shifting Labor into R&D
Effect of an Exogenous Shift in Income
compton effect