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1) A local market for new wood pallets has daily demand described by P=178-0.2Q and supply described by P=85+0.1Q. Calculate the equilibrium quantity.
2) Suppose a market has a supply described by P=3.0+0.1Q and a demand described by P=6.0-0.2Q. Calculate the equilibrium price.
(Format tips: Answers must be within 0.1 of the true value to be counted as correct, so don't round too soon. Do not include dollar signs, spaces, or plus signs
Conduct original research on an American Economic History event that occurred between 1900 - 1960. (you cannot do the Great Depression or Prohibition) . I chose The Great Mississippi Flood of 1927, but my professor said " Your topic on the Mississipp..
Are cyclical fluctuations necessary for economic growth?
Illustrate what happens when a per unit subsidy is replaced with a revenue equivalent lumpsum subsidy.
Do you think there are lessons for American capitalism in Europe’s experience? Is it the other way around? Might both have things to learn? Do you think that the general acceptance of the market framework by Europe’s socialist parties signals an end ..
A firm is currently operating where the MC of the last unit produced is $64, and the MR of this unit is $70. Illustrate what would you advise this firm to do.
Assume the farmer buys insurance that pays 3$ if it doesn't rain but costs 2$. Illustrate what is their consumption when it rains.
Elucidate how Illustrate what the balance sheet will look like (comparison to above) if Brimstone declares a 10% stock dividend.
Illustrate what is the impact of this sale on GDP for 2002. Assume no realtor is involved in the sale.
1. Discuss the mission, vision, values, and goals of Walmart. Relate and connect this to the case reading, chapter 1, frontline video and corporate website for Walmart. 2. Do you think vision, mission, goals, or even values take the lead role at W..
What is the relationship between the multiplier and the marginal propensities? Explain.
A county is considering using a piece of park land for one of two alternative recreation projects. Project S would require construction costs of $2 million (year 0) and generate net benefits of $1 million per year for 10 years.
Prisoner's dilemma is a game that has been and continues to be studied by people from a variety of disciplines, from biology to sociology to public policy. Prisoner's dilemma is believed to be one of the most powerful metaphors in all of human behavi..
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