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Everyone's Gasoline Problem. We are all familiar with fluctuating prices of gasoline at the pump. Explain why does this happen? Research the recent history of gasoline pricing in your area, and attempt to relate any fluctuations you observe to documented supply and demand factors, as outlined in our book. Be sure to cite any references used.
Small country Alpha exports lumber products obtained by cutting Alpha's forests. Cutting the forests creates negative external effects in Alpha.
Elucidate why there is a relationship between price elasticity of demand and the effects on total sales revenue.
Illustrate what share of GDP is composed of consumption. Illustrate what share of GDP is composed of investment.
A county is considering using a piece of park land for one of two alternative recreation projects.
Identify also Talk about an industry or a marketplace segment companies were the "wrong" size for the long term.
Illustrate what is the fed funds rate in the banking system. Explicates howthe Fed manipulates this rate in order to achieve macroeconomic objectives.
Discuss major fundamental shortcoming of theories of cost determination in england prior to roughly 1870, why failure.
The number of taxicabs in Motorville and the taxicab fares are regulated. The fare currently charged is $5 a ride. Motorville taxicab drivers want to obtain government's permission.
Elucidate how much the equilibrium quantity of wheat sold. Elucidate the actual cost which is equal to the equilibrium cost.
As per the rule of optimal input usage, a firm should hire a person as long as her marginal revenue product is greater than her marginal cost to the company.
What is the output of each firm if they collude to produce the monopoly output. What profit does each firm earn with such collusion.
Assume a $6 excise tax is imposed on the good. Conclude the new equilibrium cost also quantity.
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