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If the government imposes a price floor on the market for, say cookies, and agrees to buy up all the excess supply and destroy it, what is the consumer, supplier surplus? Is there deadweight loss?
Identify at least four (4) key points of a relevant economic article from either the Strayer Library or a newspaper. The article must deal with any course concepts covered in Weeks 1-8 (supply, demand, market structures, elasticity, costs of producti..
Describe a situation that you have seen that would be appropriately modeled using simulation. Explain why modeling using simulation would be appropriate.
Last Friday night, Rich went to a tavern to buy pizza and bottles of beer. He noticed that four pieces of pizza and two bottles of beer cost the same as two pieces of pizza and eight bottles of beer. What is the cost, in bottles of beer, of a slic..
A special-purpose machine is to be depreciated as a linear function of uses (units-of-production method). It costs $35,000 and is expected to produce 150,000 units and then be sold for $5,000. Up to the end of the third year, it had produced 60,000 u..
Find the equilibrium points of the differential equation y' = y - A, and determine their type.
ECON 203 Project Description (Term Paper): Select a news article(s) that discuss the economic concept that you chose as a topic for your term paper
Absolute advantage in beef production - which country has the absolute advantage in computer production?
the oil price schok of 1980 sent gasoline prices sharply higher. Coal prices moved in sympathy with oil prices, with the result, that coal companiesearned pure economic profits. Since coal is homogenous good and the market is competitive , what ha..
This year the committee rated all 500 applicants and randomly chose 10 from those at or above the 80th percentile. (The 80th percentile is the point at or below which 80 percent of the scores fall.) What is the probability that any particular appl..
Imagine a heavily forestedlinear island that is 60 miles long. There are sawmills at milemarkers 10, 30, and 50. Lumberjacks all over the island cut down logs.
Why do ethicists tend to reject the theory of ethical relativism? If you agree, which argument (or possible scenario) do you find most persuasive - and why?
A retrofitted space heating system is being considered for a small office building. the system can be purchased and installed for $120,000, and it will save an estimated 300,000 kilowatt-hours of electric power each year over a six-year period.
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