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History of Rent Regulation
Why would the city of New York elect to impose rent control, or a price ceiling on rent? Is it strictly a move to accommodate a diverse socio-economic demographic?
Do tenants who occupy rent controlled buildings with a consumer surplus deserve to live there?
Discuss the difference among inflationary gap and deflationary gap.
What is the present value of $300 to be paid in two years if the interest rate is 12%? What happens to reserves at Third National Bank if one person withdraws $2,000 of cash and another person deposits $750 of cash?
Suppose the firm decided to lease the large factory, and has put down a non-refundable deposit of 4,000 for that factory. Provide a recommendation concerning which factory firm should lease, and the number of boxes of chalk it should produce.
Graph the accompanying demand data, and then use the midpoint formula for E d to determine price elasticity of demand for each of the four possible $1 price changes.
Why is it not surprising to find that in an oligopoly which sells a basically undifferentiated product like chicken growth hormone all the firms change prices simultaneously, even if there is no explicit price fixing?
Illustrate the amount of total benefits-total costs also total net benefits at the selected quantity
Price benefit analysis of an irrigation project describes the ratio of the discounted current value of benefits to costs is less than one.
Make a short paper which relates how specific material from economic course where we cover supply and demand, elasticity and etc.
Describe (in a sentence or two) the short run profit maximization condition when labour is the only variable input? What will happen to the labour demand if price of the output goes up?
Between your answers to parts b and c, which prices/capacity are best applied from a social welfare perspective? Why?
Using algebra find out the effects of this change in cost on profit maximizing output and the optimal profit.
Graph the accompanying demand data, and then use the midpoint formula for Ed to determine price elasticity of demand elasticity of demand.
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