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Question 1
Imagine that you have been given a job as an economic advisor to evaluate a certain competitive US manufacturing industry. Your (accurate) statistical analysis indicates the market is characterized by demand of Qd = 500 - 8P and supply of Qs = 4P - 100.
Please explain thoroughly to understand all 4 points separate with graph
Explain the significance of realignment in American politics and make a prediction as to which groups may switch parties in the near (0-16 years) future
What is a "Natural Monopoly"? What industry or firm do you regard as a "Natural Monopoly"? Explain the governmental action(s), if any, that you believe may be appropriate in this case.
What is the impact of a lump-sum tax on labor supply? What is the impact of a labor income tax on labor supply?
Explain how might spending of Asians on American goods be affected. What about Americans who have invested in these countries.
Which of the following is a reason given by the Anti-Federalists for opposing the ratification of the new constitution? What issue did the three-fifths compromise address? To which branch of government does the Constitution give the most exclusive po..
Find and graph Jack's demand curve for cream. Assume the price of coffee is still $2 and income is $12.
What are some advantages and disadvantages of common accounts that you might use for planning for your retirement or investments (401k, capital gains, et cetera
Assume that a competitive firm has the total cost function:
How will each of the following changes in demand and/or supply affect equilibrium price and equilibrium quantity in a competitive market; that is
Alternative Uno has a first cost of $10,000 and annual expenses of $3,000, whereas Alternative Dos has a first cost of $35,000, annual expenses of $2,000, and a recurring cost of $5,000 every 10 years. If both alternatives have an infinite life, whic..
If Peter continues to buy 6 units of y, what is the largest number of units of x that he can afford?
Using the demand curve shifters (PYNTE), explain whether each of the following will increase or decrease demand for cell phones. Tell whether the demand curve shifts to the right or to the left.
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