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Q. For out Back Steakhouse, seating capacity is limited in the short run. In the long run they can add as many seats as they want. Therefore, the price elasticity of supply for the meals in Out Back would be _____ in the short run than in the long run.
Q. Assume one knows 2 facts: 1st, the marketplace for prescription drugs experiences chronic shortages also second, government sets the price for prescription drugs. One can conclude that the
Q. Given nominal GDP of $4.2 trillion also a GDP deflator which is 40 percent greater than the base year, we can conclude that real GDP is equal to:
What is the deadweight loss if buyers, instead of vendors, are required to pay the tax of $4 for each unit of the good sold.
Distinguish between the crowding-out effect also the Ricardo-Barro effect. Elucidate how are the two effects related
She says the tax will generate $100,000 tax revenues per month. What assumption is she making.
Explain why the food stamp program can have the same effect on the consumption pattern and well-being of recipients as an outright.
All costs of exhibiting movies are fixed except for the $3.50 royalty payment you must make to the film distributor for each ticket sold.
Based on some economists' definition of the relevant market, the two firms proposing to merge enjoyed a combined market share of about two-thirds, while another firm essentially controlled the remaining share of the market.
The cause and effect on how and why there was a government shut down a month ago.
Is this analysis consistent with the proposition which money has real effects in the short run but is neutral in the long run.
The ending of company prepayments balance is expected to be the same as its beginning prepayments balance.
Results of drilling are 15 dry holes, 12 gas producers, 18 oil wells, and 20 wells producing both oil and gas.
A local community voting to raise property taxes to increase school expenditures
The Texas Transportation Institute at Texas A&M University conducted a survey to determine the number of hours per year drivers waste sitting in traffic.
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