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a. If the government were to reduce income taxes, how would the reduction affect output and the price level in the short run? In the long run? Show how the aggregate supply and demand curves would be affected, in both cases.
b. What is supply-side economics? Is it likely to be effective, given your answer to (a)?
Are rising tuition costs really a problem? Why? For who?
Ajax Cleaning Products is a medium-sized firm operating in an industry dominated by one large firm Tile King. Ajax produces a multi-headed tunnel wall scrubber that is similar to a model produced by Tile King. Ajax decides to charge the same price..
Suppose that there are two types of players, good and medium. the team demand curve for top-quality players is Q = 27 - 5 w , and the market supply of top players is Q = 4w, where w is the wage in millions of dollars.
Consider a competitive market served by many domestic and foreign firms. The domestic demand for these firms' product is Qd = 600 - 2.5P. Determine the equilibrium price and quantity under free trade
A 22 year old borrowed $4000 under a student loan 4 years ago when the i=4.06% per year. $5000 was borrowed 3 years ago at 3.42%, 2 years ago she borrowed $6000 at 5.23%, and last year she borrowed $7000 at 6.03% per year.
determine the amount of slack or surplus for each constraint (dont worry about this problem it has been emitted from the homework but if you can help me to understand this I would greatly apprecaite it) suppose the objective function is changed to ..
1. in the x11 multiplicative decomposition method yt x c x s x e an ma 3 smoother is applied to the estimated
suppose that a perfectly competitive firm faces a market price 10 per unit and at this price the upward-sloping portion
The consumer's utility function is U(x, y) = 3x + 2y. Let Px = 2, I = 12. (a) If price Py is too high, the consumer will not want to purchase any y. Find the lowest price Py at which the consumer ceases to purchase y.
Economists estimate that on weekends (thursday-sunday) the demand for your product is much higher than on the weekdays (monday-wednesday). On weekends. the inverse demand curve for a typical customer is P= 10 - 0.001Q
Can you guess what the form of the LMC curve is?
data collected in the imaginary economy of Perturbia reveals that when the price of cham increased by 20%, the quantity of cham sold decreased by 30%, and the quantity of firm demanded increased by 15%.
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