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Describe the effects of price floor and price ceiling? Does the government play an avctive or passive role in setting price floors and ceilings? Do you think that this helps or hinders the consumer? Provide examples for your answer
The nation of Acirema is “small” unable to affect world prices. It imports peanuts at a world price of $10. Now suppose Acriema imposes a production subsidy of $2 per unit produced by Acriema’s firms. Calculate and graph the new equilibrium with the ..
a university spent 1.8 million to install solar panels atop a parking garage. these panels will have a capacity of
Now suppose your utility functioin is U= (square root)Wealth. What is the maximum you will pay for the bike check-in now.
How is the US Economy like a small, open economy? How is it like a closed economy? What is the relation of the domestic interest rate to interest rates in the rest of the world?
q. real wages and productivity-are workers paychecks keeping up? over the long run historically real wages produce
Which segment of the population is one of the wealthiest in the U.S.?
Why is the unrestricted entry of new firms to all markets necessary to assure the efficient allocation of resources in the long run?
Suppose that you are evaluating the market for Kellogg's cereal. The prices of Post and General Mills cereals increase. What will happen to Kellogg's cereals?
The FOC and local SOC for the firm's optimization problem can be used to prove the law of supply, meaning exactly: if the firm supplies a positive quantity at the current market price, then at a higher price it will supply a larger quantity.
q.your complete portfolio is 400000 and is comprised of a risk free asset that pays 5 and a risky asset that has an
Analyze the economic impact of major social problems and issues such as poverty, discrimination, crime, income distribution, the role of government, and other major issues.
EXPLAIN IF POSSIBLE. What is happening to the US trade balance in each of the following situations? Explain.
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