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Describe some of the costs of Production in relation to micro economics.
Why is the private market for public goods typically characterized by under provision. Under what situations will we expect the private market to overcome this problem?
What is a basic summary of the Pickens plan (Oilman T. Boone Pickens )? Using the supply-and-demand model explain how Pickens' plan would affect the global price of oil if it were to be successfully implemented.
Use calculations to examine the alternatives available to Assiniboine Narrows. Then, based on your calculations, make a recommendation as to the preferred course of action.
Suppose your firm produces electricity by burning coal. Currently it buys central Appalachia 12,500 BTU per ton coal at the market price of $52 per ton.
Suppose that the real interest rate increase to r = 0.11. Elucidate real output have to be for equilibrium price level to remain at its initial value.
An increase in the general price level will lead to:
If the required reserve ratio ia 10 percent, up to illustrate what amount could checking account deposits in the banking system as a whole drop.
The Mag Transit owners see the change in profits from the price decrease in May and the projection for June. They decide to go back to a price of $10.00 and have 31,000 deliveries in June. Calculate the Elasticity of Supply. Is it elastic or inelasti..
Show that a specific tax of $3.70/unit generates the same revenue as a 20% ad valorem tax
Suppose Mayor Strange comes to you and asks you whether or not Montgomery should bid for 2024 Olympics. He says that a group of economic consultants has said it will be a major boon for Montgomery’s economy. What kind of things did they likely claim ..
The Johnson Company pays $2,000 a month to a trucker to haul wastepaper and cardboard to the city dump. The material could be recycled if the company were to buy a $60,000 hydraulic press baler and spend $30,000 a year for labor to operate the baler...
If the tax multiplier is -1.5 and a $200 billion tax increase is implemented, what is the change in GDP, holding everything else constant?
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