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Consider the market for automobiles, and draw representative supply and demand curves.
a) Suppose that the price of gasoline rises, and at the same time, the price of steel (an input to automobile production) falls. Show this on your graph. If you have no other information, what can you say about the change in equilibrium price and quantity?
b) Now suppose that you have the additional information that the rise in gasoline prices has been relatively large, while the reduction in steel costs has been relatively small. How would this change your answer to (a)?
From California to New York, legislative bodies across the United States are considering eliminating or reducing the surcharges that banks impose on noncustomers, who make $14 million in withdrawals from other banks’ ATM machines. Estimates suggest t..
q1. on one hand the wtos role in international trade is becoming more significant. on the other hand its verdict on the
If software and hardware vendors were held strictly liable for security incidents that were caused by defects in their products
Would a banking system that wanted to keep some excess reserves rather than lending out all of them hinder the Federal Reserves' ability to increase the money
In a world of zero transportation costs,no trade barriers,and significant differences between nations with regards to factor conditions
You live in a small town with only one grocery store. the demand curve for food in your town by p=35-1/5q. The grocery store has a total cost curve of tc = 50+1.25Q. Graph the Demand, Marginal Revenue, Marginal Cost, and Average Total Cost curves. Wh..
An asset with a first cost of $240,000 three years ago is sold for $285,000. The asset was depreciated by the MACRS method and has a book value of $69,120 at the time of sale. Determine the amount of the capital gain, if any, and the amount of the de..
we haven't been able to say much on theoretical side about private information combined with complementarities.
Write an Arduino program for an LED connected to pin 3 to blink 7 times with a delay of 0.75 sec, then stays off. Use the FOR loop, and an increment of one. Include your name, date, and description of program at the top under comments. Include comm..
1) What's the opportunity cost of typical college education? what's your opportunity cost?
Describe the function of each application of Microsoft productivity apps and how it can be used to be more productive in the work environment.
Las Cruces Recreations Inc. headquartered in Las Cruces, NM operates a summer camp in Silver City, NM. The cost data for a 12-week summer camp are as follows: Charge per camper = $400 per week Variable cost per camper = $220 per week Fixed costs = $2..
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