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Question - Consider the following supply and demand curves:
Demand: Price = 50-3.5*Qd
Supply: Price = 20+.5*Qs
Suppose now a 20 dollar subsidy was placed on consumers. Given this information find the resulting subsidy bill.
As the single largest shareholder of the firm, what is your response to that decision? Why is this your response?
Which of the following will have the greatest influence on shifting the aggregate supply curves of high-income countries to the right?
The latest data on the financial crisis: Pick two figures from this chapter, and update them to include the latest available data.
If y = 255 - x - x2 and y = 180 + (2/3)x2 - 21x, find x and y.
Explain how the number of "discouraged workers" (unemployed workers leaving the labor force) affects the official unemployment rate.
Which industry is more highly concentrated: one with a Herfindahl index of 900 or one with a four-firm concentration ratio of 78 percent?Assume that each of the remaining firms controls 1% of the market. How would you describe its market structure?
Explain why it is important for a nation to set economic and social goals.
Decide the current productivity results for the non-farming business sector and the manufacturing sector. Discuss recent productivity and cost trends and make predictions for the future.
How is marginal revenue product for labor found and is there a simplier. What factors can cause changes in the demand for labor for a firm? What factors determine the elasticity of labor demand
Give an example of scarcity - Summarize an item dealing with economics from the news no longer than one page
If a household has an income of $40 and buys only bus rides at $2 each and magazines at $4 each, what is the equation of the household's budget line?
A monopolist faces a market demand curve given by P=12-2Q and has a total costs given by TC=6+Q^2. What is the profit-maximizing price and quantity chosen by the monopolist? What is the monopolist's profit?
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