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If the demand function is D=4-P, the supply function is S =2+P. Draw the graph of the market equilibrium and calculate the equilibrium price.
A bank is considering building a branch on a piece of property it already owns. Which of the following cash flows should not be considered in the capital budgeting analysis? The: $50,000 the firm will forgo in lost revenue from the sale of the pro..
Define and explain three barriers to trade. What effect do these barriers to trade have on domestic consumer surplus? What is the Riccardo Effect in relation to specialization and exchange? Who benefits from specialization and exchange in terms..
How a rise in the price of sugar affects the market for sodas - How federal government budget deficits affect interest rates.
1. name three other providers of urgent care services. emergency departments urgent care clinics and walk-in clinics
Assume the government imposes a fixed tax t per unit quantity on each firm. Explain the impact of this tax on following variables;
Suppose a frost kills a large portion of an orange crop, with a resulting higher price of oranges. It has been said that such an increase in price benefits no one since it cannot elicit a supply response; the higher price, it is said, simply "line..
cause an increase in the natural rate of unemployment?
Please give some data on unions from the employee's perspective. Discuss some advantages of a unionized organization
Economic theory suggests countries benefit from international trade by producing more of those good and services for which they have a comparative advantage- However, countries rarely specialize completely. why?
If Joe's income is $5,040 a month, and the price of goods X1 and X2 are $45 and $5 respectively, derive the following: A) The quantity of X1 and X2 that maximize Joe's utility B) The maximum level of utility Joe receives.
An economist who is studying the relationship between the money supply, interest rates, and the rate of inflation is engaged - The distinction between supply and the quantity supplied is best made by saying that
Adopting the main features of the neoclassical supply of labour, elucidate how these 2 factors may be related.
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