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Assume the market for a commodity is described by the demand and supply functions
Determine the equilibrium price and quantity in this market.
Draw a graph to illustrate your answer and compute the consumer surplus and the producer surplus.
determined the point price elasticity of demand at P=$3. What is the new point price elasticity if price is raised to P=$4.50? Comment on the change in elasticity
If there is a negative price shock, what will be the effect of countercyclical monetary policy on output and inflation. When will these effects occurred if there are time lags. What is the fed's goal in using countercyclical policy?
Include an example in which the government has used either economic or social regulatory activities. Illustrate do you agree with this regulatory activity.
A descriptive essay on "what are the benefits and the costs to a nation of higher trade barriers? Which are greater: the benefits or the costs? What impact would a dramatic increase in the world price of oil have on the national?
Suppose a duopoly and let demand be specified by P=A-BQ. In accumulation both firms have same marginal cost c. Interaction between the two firms will be frequent infinite.
Under the cost minimization rule, when will a firm employ only human labor? Why does the cost minimization rule suggest that it is unlikely a firm actually would replace human labor entirely with robotic inputs?
Suppose that the annual federal deficit is $350 billion. Gross Domestic Product 'GDP', a measure of the size of the economy is $14.5 trillion ($14,500 billion). Calculate the ratio between the deficit and GDP as a percentage rounded to one decimal pl..
Explicates how the factors determining resource demand differ from those determining product demand.
What are external costs associated with cellular phone usage in automobiles. external benefits. What is difference between private and social costs. What distinguishes public goods from private goods.
List at least four examples of why governments choose to restrict trade with another country. Which of these examples do you feel is the most justifiable?
q.suppose there is a business firm that holds a global monopoly on a particular product but is currently selling the
equity capital is usually less expensive to corporations than dept capital. capital structure is optimal when all sources of capital provide equal funds. debt capital is usually less expensive to corporations than equity capital..most companies use p..
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