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In this table below, Agoira moves from a command system to a market system
1) Number of markets with shortages _____ (Increases, Decreases, No Change)
2) Wage Inequality ________ (Increases, Decreases, No Change)
3) Variety of goods and services _____ (Increases, Decreases, No Change)
Explain how does price elasticity affect the price-quantity combination and segment of the demand curve that the monopolist would prefer for price and output.
Intel is a monopolist manufacturing computer chips with a competitive fringe of firms that act as price takers of the price Intel sets. The market willingness to pay for the P80 chip is given by p = 400 - Q, with p in dollars per chip and Q in thousa..
What is the biggest beneficiary of the primary market (of the multi-sided network effects) for the Windows Operating System?
Elucidate how much the equilibrium quantity of wheat sold. Elucidate the actual cost which is equal to the equilibrium cost.
Show graphically and explain how a permanent beneficial supply shock affects both short and long-run levels of output and inflation in the economy. (Answers without graphs are useless)
Suppose the demand and supply curves for basketballs are given by: Qd = 200 – 5P. Using the demand and supply functions above, the equilibrium price of a basketball is ____, and the equilibrium quantity is ____. On the same graph above, show the effe..
Suppose the demand for a good that monopolist produces is P = 20 - Q. The monopolist's total cost is TC = 2 + 6Q. What is the profit maximizing quantity and the price of the monopolist?
suppose there is 120 million of cash and that half of this cash is held in bank vaults as required reserves that is
Determine whether each of the following, other factors held constant, would lead to an increase, a decrease, or no change in the level of real GDP demanded:
Why is a market economy susceptible to coordination failures that can lead to unemployment and inflation? What do you think can be done to rectify these failures?
q1. from 1947 to 1997 the cpi in us raised to 637 therefore inflation rose 637. use this fact to adjust each of the
This might be interpreted as an upward shift in the consumption function. Elucidate how does this shift affect investment and the interest rate.
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