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Question 1: Identify a good you commonly use or would like to use. Explain at least three factors that would result in a shift in the demand curve for that good and three factors that would result in a shift in the supply curve for that good. Describe the effect on equilibrium price and quantity of each factor. Finally, explain how the shifts in demand and supply are different from movements along the demand curve or movements along the supply curve and why the distinction is important.
What would be a numerical example that would illustrate a situation in which there are positive accounting profits and zero economic profits?
q.illustrate the effect on the marketplace for a hr. of babysitting services 30 yrs into the future when children born
In 2000, the federal debt was being paid down because the federal budget was in surplus. What is the impact on the money supply of the Treasury using the fiscal surplus (excess tax receipts) to buy back bonds relative to the Fed using open market pur..
What is the cross-price elasticity of demand for Budwieser beer with respect to Coors beer?
What new issues face young women today? What, if any, issues seem obselete?
Let’s assume that the old clunker you have been driving needs $500 in repairs in order to pass an annual car inspection. You are considering buying a new car, and you contact car dealers and banks to determine the best deal you can get on a car loan...
Do you agree or disagree that preventative services are a viable solution to cutting down on rising health care costs, and why or why not? Why do you think that not all insurance companies offer preventative services?
You will be given a supply and demand diagram for a market that is associated with an externality. First, determine the market equilibrium price and quantity in the presence of the externality. Second, draw a new demand or supply curve that would int..
Managing Cultures: Take into consideration doing business in China is there historical, or geographical concerns that may be of importance. (One excellent resource to consider for this assignment is Kiss, Bow and Shake Hands.)
International Current Events Research on Ethical Missteps or Social Responsibility
Suppose the firm's profit maximization problem is to choose the labor input N so at to maximize: π = zF(K,N) – wN, where the firm's production technology is given by Y = zF(K, N) = zK^α*N*(1-α) , and 0
In a standard supply and demand labour model, firms "demand" labour while workers "supply" labour. Let's think about a labour market that is in equilibrium, with a wage of $20 per hour and with 14 million individuals working out of a total of 16 mill..
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