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In a perfectly competitive market the demand for popsicles is Q=200-2P and the supply is Q=40+p. In an off-equilibrium price of $90 what would be the deadweight loss at that particular price?
What is the comparative advantage of thor producing 50 hammers and Loki producing 65 scepters? Who has the advatage of hammers?
A lack of scale economies may mean that there are few, if any, cost advantages to large size.
Use the principles of supply and demand to address a predetermined goal (set by you) in the gasoline market. Be clear on what the current market indicates and why and what your future goal is. We will probably revisit some of your choices in future m..
There is a $50 unit tax on the supplier side. what is the new equilibrium price?
Which of the following is a primary determinant of price elasticity of supply?
Suppose she is offered a new job that would pay her $15,000 and would bring her earnings high enough so that she no longer qualified for any welfare benefits.
Suppose as in the federal income tax code for the United States, that the representative consumer faces a wage income tax with a standard deduction. That is, the representative consumer pays no tax on wage income for the first x units of real wage in..
Which government policy would be more effective at increasing output per capita (if such a policy was available):
What is money laundering? How would drugs gangs do money laundering?
Describe and discuss your price elasticities for such products and discuss the movement of your demand for such a good when the price of that good rises. Share with your classmates whether your demand for the selected good is elastic, unit elastic, o..
A supplier delivers a product to a government priced at 400. The supplier can either deliver a low quality product, or a high quality one. However, the governme
Assume a Solow growth model economy with no exogenous technological change is initially at a steady state. Suppose there is a permanent decrease in the population growth rate, say on account of the spread of AIDS – a major current problem in Sub-Saha..
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