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Q. An economy has the following consumption function:
C=200 + 0.8 DI
The government budget is balanced, with government purchases and taxes both fixed at $1,000. Net exports are $100. Investment is $600.
Analyze the impact of this floor on price, quantity demanded and supplied. Would this price floor create a surplus or deficit of this product in the market?
Profits associated with polluting for Friedman Inc. are π = 40Q - 2Q2, where Q = pollution emitted (in tons), and profits are measured in dollars.
What are the annual accounting costs for the firm described above? What are the annual explicit costs for the firm described above?
What are the factors that affect pay differentials? How does each factor increase or decrease relative wages?
How many popsicles will be sold/supplied each day in the short run if the price rises to $4 each per day
Estimated regression equation for which quantifies the demand for Widget
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Gains from trade will result if a country specializes.
What combination of T and M will you choose? Suppose that the price of day trip rises to $80. How will this change your decision making?
Mustard and mayonnaise are substitutes. Mustard and relish are complements. Mustard is a normal good. During the summer, about 50% of all mustard was recalled by manufacturers and removed from store shelves.
The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
Use indifference curves to distinguish between income and substitution effects, using the above techniques explain why the demand curve slope downwards, What are the main criteria for designing a tax system, To what extent do you think the national..
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