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Question (a) With justification from the case but without limiting yourself to the same, explain the consequences (both positive and negative) of price ceiling on consumers and businesses.Question (b) "Price performs both a rationing function and an allocating function." With the aid of suitable diagrams, distinguish between these functions and show and explain how government intervention modifies price mechanism. Question (c) As a business manager, suggest measures and policies that can be put in place to get out of the situation described in the case.
Accordingly, calculate the own price elasticity of demand for Good A. Is demand for Good A elastic, inelastic, or unit elastic?
Discuss two measures the Canada uses to assess its progress toward sustainable tourism
The Talley Corporation had a taxable income of $500,000 from operations after all operating costs but before (1) interest charges of $70,000.
Assume that a strong tradition of no damages for a party who "comes to the nuisance" exists in your jurisdiction. Also, time has been turned back so that neither the factory nor the housing development presently exist;
Suppose that a developing country devotes extensive resources towards improving the education and skill level of the labor force. How might this help the country avoid a coordination failure? Is this strategy likely to be successful? Why or why not?
What is the benefit/cost ratio if the right-of-way cost is the price paid by government in eminent domain proceedings?
What are the functions of the 12 Federal reserve banks, including their monetary policy actions?
If the money demand curve is Md = 2y-0.5r, money supply is Rs.500, find out the equation of LM curve. What is its slope?
Next discuss your thoughts on workplace testing and it's role in the hiring process. Do you feel this is a fair hiring practice? Why or why not?
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q1. for handling a crisis of epic proportion hurricane flood blizzard forest fire and so forth which economic system is
A machine was purchased by a company four years ago for $8,000. Estimated salvage value is $1000 at the end of its 10 years life.
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