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Let’s say the current administration decides to make a college education more affordable, so they establish a price ceiling of $50 per credit hour for community colleges, $75 per credit hour for four year institutions, and $100 per credit hour for graduate classes. What is a price ceiling and what effect does it have on the market? List and explain several positive and or negative consequences of this action. What would happen to producer and consumer surplus?
A German machine company sells industrial machinery and maintenance policies for the machine. There are four market segments. Figure 5-9 shows the size of each market segment and the amount each segment will pay for the machine separately, maintenanc..
Using the information you have learned so far in this class, state what you think will cause market fluctuations over the next few years as the economy struggles to recover. What areas of the economy should be closely watched as indicators of future ..
q.bayerische motoren werke ag the german manufacturer of bmw automobiles opened a plant in south carolina. assume that
q.suppose that in free zone the cycle presented in the problem 6 the aggregate supply curve is short plasterboard cafos
Customers arrive at an automated coffee vending machine at a rate of 4/min, following a Poisson distribution.
When the crisis hit the world financial system, XYZ felt the shock inevitably. In any case, XYZ's government couldn't afford to bail out its bank that had gotten so much bigger than its economy. Explain what happened to this country when the world fi..
Under what circumstances, if any, would you advocate restricting the freedom of the press, and to what degree would you restrict it? Substantiate your answer with logical arguments and/or evidence.
1nbspbarriers to entry help maintain market power and earn positive economic profits.nbsp these factors apply to all
If you choose to contribute to a candidate’s campaign, to what extent is the candidate obligated to you as a contributor? Should your contribution influence public policy?
People may appear to use rules of? thumb, as suggested by the assumption of bounded? rationality, even though they may really be behaving in a manner suggested by the rationality assumption if .....
To show the gradual development of inflationary pressures in the postwar U.S. economy, and to show why these pressures posed problems for policymakers and also for Keynesian economics.
A machine costs $1,000,000 to purchase and will produce $200,000 per year revenue. Annual operating and maintenance cost is $50,000. The company plans to use the machine for 10 years and then sell it for scrap for which it expects to receive $50,000...
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