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The Town of Lookout Mountain, Georgia, had a lot of undeveloped land and became a favorite spot for developers to build subdivisions. In response, the town council voted to restrict building of new houses to lots of one acre or more. Previously, developers had been able to build several houses on an acre.
What effect would this new law have on the price per acre of available land in that municipality?
What effect would this new law have on the price of new houses in that town?
What about the price of existing houses in Lookout Mountain? Explain your answer.
The Determinants of Market Interest Rates. An analyst is evaluating securities in a developing nation where the inflation rate is very high. As a result, the analyst has been warned not to ignore the cross product between the real rate and inflation.
Cournot duopolists face a market demand curve given by P = 120 - Q where Q is total market demand. Each firm can produce output at a constant marginal cost of 30 per unit. Find the equilibrium price and quantity for the total market. If the duopolist..
A newspaper recently reported that U.S. businesses have significantly increased spending on capital goods. What effect might this trend have on U.S. labor markets?
Sometimes oligopolies in the same industry are very different in size. Suppose we have a duopoly where one firm (Firm A) is large and the other firm (Firm B) is small, as shown in the prisoner's dilemma box: What is Firm B's most likely choice? Firm ..
Describe the climate, topography, infrastructure, and natural resource endowments of Brazil in 350 words not including the references.
A retail outlet is being designed in a strip mall in Nebraska. For this outlet, the installed fiber glass insulation to protect against heat loss in the winter and heat gain in the summer will cost an estimated $90,000. What is the present equivalent..
Suppose you have three production facilities that are polluting a river. Each emits 20 units of pollution. Their marginal cost functions for reducing emissions are, respectively, MC1 = $6, MC2 = $8, MC3 = $10. a) If the objective is to cut emissions ..
There are 1,000 individuals in the city of Lincoln wishing to sell their used cars. The value of a car, V, ranges between $0 and $3000. The distribution of values is such that the number of used cars is worth less than $V is V/3. The true value of th..
Examples of computer topic/ concept Virtual reality Format of TED Talk Assignment (Extra Credit # 1):
Use examples both numerical and explanations to make your case. Give an example of a real world situation where two or more firms in a certain industry would be better off if they came together and behaved like a monopoly.
1. What are three common types of federal taxes? 2. What are two common types of state taxes?
Which could consider be automatic stabilizer fiscal policy? The difference between the General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (WTO) is the fact that the former compared to the latter went beyond tariff reductio..
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