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Utilizing the demand and supply analysis, explain how the changes in the equilibrium price and quantity traded for chicken when the following events take place
a. increase in incomeb. increase in price of fishc. floor price for chickend. increase in the price of chicken feed
Elucidate three manufacturing companies that experienced large percentage increases in the number of firms between 1997 and 2002.
How does the free rider problem explain why telephone companies are usually successful in getting permission to raise their rates?
Given the table of marginal utilities for CD's and century books, calculate the optimal quantity and total utility at equilibrium. Draw Sarah's budget line for part a and her budget line for part b on the same graph.
Discuss why the same types of problems may exist in government as well, where elected officials are the agents and voters are the principals.
The US congress is presently debating the new budget. Should federal spending be drastically reduced.
Finding the short run and long run profit maximizing price - quantity and number of firms in industry.
What is value added in every sector also what is total output for the economy.
Compute the level of GDP per capita in each country measured in local currency. Compute the marker exchange rate between the currencies of two countries.
Explain how much will your industry's total revenues (revenues from both products) change if you increase the price of good X by 1 percent.
When 50 employees are used, the average product of labor is 50 and the marginal product of 50th worker is 75.
Suppose the level of autonomous expenditure, which we could call A, rises by AA. What is the effect on the level of equilibrium national income?
Suppose that a competitive industry is in long Run competitive equilibrium. Then the price of substitute good (in consumption) decreases. What will happen to the short run to
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