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Suppose demand is P=600-Q and supply is P=Q in the soybean market, where Q is tons of soybeans per year. The government sets a price support at P=$500/ton and purchases excess supply at this price. In response, as a long-run adjustment, farmers switch their crops from corn to soybeans, expending supply to P=(1/2)Q. a. How does excess supply with the larger supply compare to excess supply prior to the farmers switching crops? b. How much more does the government have to spend to buy up the excess supply?
think of a business firm you recently visited such as walmart home depot red lobster barnes amp noble mcdonalds etc..
let us consider a hypothetical economy that is described by the equations shown belowc 300 0.75 yd - 300 rt 100
Assume a certain firm in a competitive market is producing Q = 1,000 units of output. At Q = 1,000, the firm's marginal cost equals $15 and its average total cost equals $11. The firm sells its output for $12 per unit.
give two conditions that are important to the efficient market theory. list one implication of the efficient market
what are the major factors that have affected u.s. household consumption since the recession in 2001?briefly explain
you are given the following equation for the real demand for money mpd .25y - 50 ra. compute the demand for money
you will apply economic principles presented in weeks one through three in this weeks assignment. your assignment will
Explain the impacts of an expansionary fiscal policy such as a tax cut on the levels GDP, Consumption, Investment, interest rate and unemployment and price.
Explain. A family buys a new refrigerator, Aunt Jane buys a new house, Ford sells a Mustang from its inventory, You buy a pizza, California repaves Highway 101, Your parents buy a bottle of French wine, Honda expands its factory in Marysville, Ohi..
What is your monthly loan payment? What is your yearly loan payment and what is your yearly depreciation? What is the book value of the property at the end of ten years?
Write a One Page write up with single space about the difference between Non-Cooperative and Coordination Games. What is the benefit of coordination between players.Stick to the outcome, not to the definition.
Economic opportunities happen from nations which develop industries in which they have a comparative advantage and describe the concept of comparative advantage.
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