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Question
Suppose the total demand for steel in an economy is given by the equation: Qd = 100-P. For simplicity, assume that the private MC of steel production is constant, 20. But because in the production process of steel, pollution gets produced as a by-product and hence, the social MC is higher than private MC at 50.
What is the output level of steel that competitive free markets will produce?
Government increases its spending by $2 billion and raises taxes by $1billion. Illustrate what happens to equilibrium income.
How would you apply systems thinking to a problem such as poor performance in your current academic studies? What about a problem with a family member?
Suppose the US. Unemployment rate at the start of 2010 had been 6% instead of 9.7%. How many more people would have been working (assuming the labor force remained the same)?
Given your understanding of bond markets, what signals is the the bond market sending in response to the downgrade. Is this problematic.
If variability of data in a time series increases overtime
Describe the information contained in the balance sheet and income statements of a retail bank. (question completed)
How can companies plan their pricing strategies? Explain in detail or give an example. What is “temporal price discrimination”? Give an example of it. Explain the case of Coca-Cola’s pricing discrimination scheme that occurred in the past and had a p..
1. How does spoofing threaten an e-commerce site's operations?
Revenue from sales = $5,000,000, cost of production = $2,500,000, depreciation = $100,000, and the combined state and federal tax rate = 40%. The tax owed =
The demand for a product is Qd=100-4P-3Px and supply is Qs=10+2P, where Q is the quantity of the product, in thousands of units, P is the price of the product, and Px is the price of another good. When Px = $20, what is the equilibrium price and quan..
Describe, in details how a perfectly competitive industry determines the price and quantity. Also, explain the role of /te firm in this market regarding price and quantity determination. Show your answers utilizing a graph for the market as well as t..
Assume to the firms act independently as in the Cournot model. Determine the long run equilibrium output also selling price for each firm.
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