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The demand for car seats is: Q= 100-P. The supply of car seat is; Q=4P. Find the market equilibrium price and quantity. Graph the market supply and demand curves. Calculate consumer surplus and producer surplus.
The market for gilders is initially competitive and the market demand is: P=315- 0.6QD . The combined marginal costs of the firms in the gilder industry are: MC= 9+ 0.3Q. Draw the demand, and marginal cost curves. Calculate and show how much these fi..
Using an aggregate supply/aggregate demand model chart the short run effects of decreasing government spending (assuming you began in a short run and long run equilibrium)
Some would argue that the business side drives things. Business drives employment which permits consumers to consume. Would you agree?
At the equilibrium values, determine the price elasticity of demand. What does this number tell us?
If Amy spent her entire allowance, she could just afford 8 candy bars and 8 comic books a week. She could also just afford 10 candy bars and 4 comic books. The price of a candy bar is 50 cents. Illustrate her budget line with a diagram (be sure to la..
What challenges do emergency managers and responders face when sheltering special needs populations? Does a community have an obligation to shelter all vulnerable or special needs populations even if they do not possess the equipment or skills to do ..
Suppose an economy that is initially at full employment faces a substantial increase in the factor cost of production. Discuss (with the aid of aggregate output market and money market diagrams) the short-run effect on output, unemployment, general p..
Assume that you are the newly appointed head of the NCAA. Construct a framework for a new scholarship program that would entirely replace the existing system. Describe what should be its tenets if
Two political candidates are vying for town mayor and the key issue is how much to spend on the annual Fourth of July fireworks. Among the 100 voters, 40 want to spend $30,000, 30 want to spend $10,000, and 30 want to spend nothing at all. What is th..
Suppose the Herfindahl-Hirschman Index for the pulp and paper industry is 173 and the Herfindahl-Hirschman Index for the pharmaceutical industry is 446.3. What does this data suggest about the competitive landscape in the pulp and paper industry rela..
write down ten results from the polls that indicate something interesting about the relative strength of the parties. Write a letter to a presidential candidate explaining what you would recommend based on this data.
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