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The area of agricultural land available in a country is fixed due to geographical characteristics of the country and land-use planning programs. In a graph, draw the supply of agricultural land. If a tax is imposed on all agricultural products, who would bear the burden of the tax, the owners of agricultural land or the producers renting that land? (producers of agricultural products are in this case demanding agricultural land)
Illustrate what are the impacts of an easy monetary policy on the price-level and real output
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?
The ten firms have banded together to form a cartel, and the cartel sets the monopoly price. The cartel agreement limits each firm to an output of one-tenth of the total amount demanded at the cartel price.
Anybody Coal Corporation expects tough economic situations for foreseeable future. Their current beta is 1.2, the risk free rate is 10 percent and the required rate of return on the market is 15 percent.
Illustrate what do these numbers imply for the decision of when to open a shared facility versus two separate facilities.
The World Bank is currently advising newly industrialized nations on how to increase growth and they have asked for your help.
The economy has seen unemployment rate raise from 6% to 9.5%, the inflation rate decrease from 2.8% to 1.2%, and there has been a 24% decline in consumer spending and a 45% decline in investment spending in the same time period.
Unemployment due to the length of time it takes to find employment upon entering the labor force or voluntarily between jobs is called
How do you think each of the following affected the world price of oil? (Use demand and supply analysis.)
Assume the effects on salaries and employment of such agreements. Also, indicate some of the reasons why they may be difficult to enforce.
Does the fact that your bank keeps only a fraction of your account balance in reserve make you uncomfortable? Why do not people rush to bank and retrieve their money?
Stating curves so that the quantity demanded & quantity supplied are both functions of price, putting value on horizontal axis. There is more than one demand curve, but all have a slope of -5.
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