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Q. This graph shows the quantity of electricity that consumers demand by the government at a regulated price set. Each day because of serious design flaws, the government learns that a large number of power plants must be taken out of commission. Since less generating capacity will be obtainable government must increase the cost which charges to reduce the quantity of electricity that demand of customers. Regulate the graph by dragging the dot or the demand curve (or both) to show the effect of an increase in the price that the government charges for electricity.
What percent of the tax is borne by buyers. If income rises to $40,000, how much will tax revenue rise.
Determine the quantity demanded, the quantity supplied, and the magnitude
For each option calculates the profit-maximizing price and quantity. Which, if any, of these compensation schemes would alter the deadweight loss from monopoly.
From the supply and demand schedules, from Belgium what are the equilibrium price also quantity of cocoa beans.
Assume that health insurance begins to cover hip replacement surgeries that everyone interested in getting a hip replacement has health insurance.
If other people exploit the same opportunity, what will happen to the cost in Thailand as well as in Malaysia.
Elucidate an example of a microeconomic and macroeconomic phenomenon. Would you give an example of a microeconomic decision you have made at home or work.
Assume that the industry wants to expand and has to make some long-term capital budgeting decisions. Now the industry is confronted with government regulations to oversee the merger.
The moral hazard is the degree of risk that the insurance company is taking in order to provide coverage on the individual.
Representatives were to logroll (trade votes) to get their preferred policy to pass, what would be the result. What are the total benefits from each project.
Substantive responses use theory, research, and experience or examples to support ideas and further the class knowledge on the discussion topic.
The GDP is a total market value of final goods and services produced within a country over time. Why is this a reflection of this country's cost of living so varied making expenditures.
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