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In a certain kingdom, the demand function for rye bread was q = 381 − 3p and the supply function was q = 5 + 7p, where p is the price in zlotys and q is loaves of bread. The king made it illegal to sell rye bread for a price above 32 zlotys per loaf. To avoid shortages, he agreed to pay bakers enough of a subsidy for each loaf of bread so as to make supply equal demand. How much would the subsidy per loaf have to be?
q1. butler leased a certain piece of property from wheeler with an option to purchase it at later dates. the agreement
Consider a consumer with utility function u(x1,x2) = x1x2 and income m who faces given prices p1 and p2. What is the effect of the increase in price on the consumption of good 1? How much of this effect in consumption is due to the income effect and ..
What will happen if the growth rate of the money supply exceeds the growth rate of GDP? What will happen if the growth rate of the money supply falls short of the growth rate of GDP? What will happen if the velocity of the money supply decreases?
The main difference between neorealists and classical realists is that:
If the number of labor hours increases by 10% and the number of hours of capital used decreases by 10%, what is the percentage change in output.
Define the “natural rate of unemployment” and show that its two equations are equivalent. What are its causes and what is its significance for public policy? Define “structural unemployment” and explain its causes. Use a labor market diagram to show ..
Present in detail the following two theories/models associated with “post-Heckscher-Ohlin” trade theory. In the case of each theory/model, be sure to indicate important characteristics of real-world international trade that the theory/model is attemp..
Suppose the output per effective worker is production function is y=10k1/2, where k equals the amount of capital per effective worker and the capital lasts an average of 10 years. Calculate the growth rate of total capital income and the growth rate ..
Why are poor countries poor and rich countries rich. Illustrate what are the main ingredients for economic growth.
Which assumption about consumer preferences is violated in this scenario. Randy likes basketball more than football; football more than baseball; and baseball more than basketball.
Assume the inflation rate is 1.59 %, an income tax rate of 39 %, and straight - line depreciation. The MARR is 10%. What is the Internal Rate of Return (IRR) of "Alt. A" after taxes in actual 5?
Explain, in plain words, illustrate what the R-square in this regression indicates.
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