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Suppose you are in charge of a toll bridge that is essentially cost free. The demand for the bridge crossing is given by P = 12-2Q.
What is the loss of consumer surplus associated with the charge of a toll of $4.00
Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.
What is the difference between the medium of exchange and the store of value? What is the difference between commodity money and fiat money?
Suppose that deterioration in the education level of the U.S. population reduces the marginal product of labor.
Compute the total revenue and total economic profit at each level of output. Compute the pizza shop's marginal costs and marginal revenue level of output. What is the profit maximizing rate of output for pizza shop?
Compare and contrast the monopolist and the monopolistic firm Monopolistic competition is an inefficient form of organisation. Discuss
Explain International Monetary System
Essay on Market imperfection associated with negative externalities
What are the two problems facing the Bank of Canada in trying to control the money supply precisely?
Assume that the soft coal industry is a competitive industry and it is in long run equilibrium. Now assume that the firms in the industry form a cartel.
The socio-economic shortcomings that China experienced
Explain what accounts for the Hong Kong Monetary Authority behaving differently than the other central banks in emerging Asia.
Explain the concept of externality. What does it have to do with the efficient allocation of resources?
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