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Please define the nature of price controls, and then discuss their expression as a price ceiling and a price floor, as well as the basic economic impacts of both.
In the real-world, opening up to free trade creates winners and losers. In particular, the factors specific to the import competing sector in the short-run.
Devi has a shop in Imre where she makes lutes. making 4 lute costs $1400. On the other hand, it costs $2000 to make 7 lutes. Devi's discount rate is 15%. What is the variable cost of manufacturing 6 lutes? fixed cost?
Suppose a researcher is testing the hypothesis Upper H0?: p=0.60.6 versus Upper H 1H1?: p>0.6 and she finds the? P-value to be 0.33.
Sam bought a car for $40,000 at “0” percent for 60 months. The financing was done through the financial arm of the car company. If he had paid cash for the car he could have gotten the car for $34,000. Determine the interest rate that he is paying on..
The following national income is in billions of dollars: Net domestic product equal?
What does this mean for your company? What is the cross-price elasticity for your product? What type of goods are Good A and Good B?
Identify whether the Fed should continue its current pace of security purchases, and indicate what “forward guidance” the Fed should issue now and why? Be specific in answering the question. Forward guidance is the specific language the Fed uses to i..
Given the following payoff matrix, (a) indicate the best strategy for each firm. (b) Why is the entry-deterrent threat by firm A to lower the price not credible to firm B? (c) What could firm A do to make its threat credible without building exces..
You believe a proper discount rate for this investment is 20%. Should you make the investment?
A. Calculate the arc price elasticity of demand for appetizers B. Calculate the arc cross-price elasticity of demand between beverage sales and appetizer price
George and Jane are next-door neighbours. George likes listening to pop music at high volume but hates opera. Jane likes listening to opera at high volume but hates pop music. What is the externality in the above case? Why might the Coase theorem not..
What is the process by which a recessionary gap closes itself? Explain. Why might this self-correcting mechanism work slowly in the face of a recessionary gap?
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