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Q.1 During the 1990s , technological advance reduced the cost of computer chips. explain with the use supply and demand diagrams, how the following markets are affected in terms of prices and quantities.
(1) computers(2) computer software(3) type writers must add diagarm please
Q.2 the australian government administers two programs thataffect the market for cigarettes.first, media companies,andlabelling requirement are aimed at making public aware of the dangers of cigarette smoking. second,there is a tax on cigarettes.
(a) with use of a graph,explain how these two programs affect cigarette consumption,
(b) explain the combined effect of these two programs on the price of cigarettes.
Assume the military bureaucracy consistently misinforms Congress on total costs of producing military hardware. Suppose that it underestimates the actual costs and that the political representatives believe these estimates.
How does the charging the monoply a specific tax per unit affect the monopoly optmum
Solve the partial derivative
Some commentators have argued that the failure of the “Super committee” is good thing for the economy? Do you agree?
Intermediate microeconomics- Find the production possibilities frontier for the Rancher. Define marginal rate of transformation. What is the marginal rate of transformation of meat for potatoes for the rancher?
Determine GDP,NDP,GNP,NNP,NI,PI,DI,S. Comment on savings magnitude that you have determined.
How does the Heckscher-Ohlin theory differ from Ricardian theory in explaining international trade patterns and the theory demonstrates how trade affects the distribution of income within trading partners. Explain.
Increasing jet fuel values recently led most major United States airlines to raise fares by approximately 15%. Describe how this substantial increase in airfares would affect the following;
Write down the household's budget constraints for period 1 and 2 and identify the current account.
Explain how, with trade, Nebraska can end up with 40 million bushels of wheat and 120 million bushels of corn while Iowa can end up with 40 million bushels of corn and 120 million bushels of wheat.
Economists make decisions by thinking in terms of alternatives. Why do economists thinks there is no such thing as a free lunch?
What key economic concepts underlie the employ of discount coupons by businesses?
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