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1. How has the price ceiling affected producer surplus? Why did it have this effect?
2. Has a deadweight loss been created? Why? Does the price ceiling cause economic inefficiency?
What is her marginal rate of substitution when L = 100 and she is on the budget line? What is her reservation wage? What is her optimal combination of C and L?
Calculate the predicted change in tickets sold if the price were raised to $11. Also elucidate the expected change in total revenue.
the Cobb-Douglas production function given in equation 4-1 applies to a developing country. Instead of thinking of immigration from a developing to a developed country, suppose a developed country invests large amounts of capital (foreign direct i..
Discuss the differences between behavioral and equilibrium relationships and explain the basic Idea behind the Solow model and its relationship with technological advance. What will add to capital stock and detract from it.
1. Describe the way the courts have ruled regarding the reserve clause 2.What does it mean for leagues to operate as single-entities and what types of activities do they undertake as single-entities
If surgeons really have the ability to increase the demand for operations, which kinds of operations will be most affected? Can you think of a way to determine which operations are unnecessary?
Mable has balanced the cost against the benefit of bringing a lawsuit against Harvey. She has decided to sue him for monies owed to her as per a contract the two entered into. However, she would much rather settle her case at the pretrial hearing.
Nancy Folbre argues that children are closer to being public goods than they are to being pure private goods. What are the major elements of this argument Do you find the argument persuasive. how the costs of children should be borne
Is the equilibrium real output also necessarily the full-employment real output and Sketch in the new aggregate demand curve as AD. What is the new equilibrium price level and level of real output?
Aggregate Demand & Supply Determine whether each of the following would cause a shift of the aggregate demand curve, a shift of the aggregate supply curve, neither or both. Which curve shifts, & in which direction
Sun City, Arizona, a retirement community that features full service living arrangements, is planning two proposals to provide lawn care to elderly residents.
Find the market price and total output level. How does the monopolist allocate its production between plant 1 and plant 2
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