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If the quantity of housing supplied in a community is greater than the quantity of houses demanded, the existing price:
a- is above the market equilibrium price.
b- will rise to clear the market.
d- will either rise or remain unchanged.
c- is below the market equilibrium price.
Democratic Republic of the Congo grows at a healthy 3% per capita, how long will it take Democratic Republic of the Congo to catch up with Luxembourg.
Under what conditions should a manager use each of the following rules/options for pricing decisions: (a) Maximax Rule; (b) Maximin Rule; (c) Minimax Regret Rule; and (d) Equal Probability Rule? Also address the potential pitfalls of using each rule.
Research another example of a reimbursement-related contract dispute between the U.S. government and a contractor. Then create a short case study report, including the following topics: A summary of the reason for and nature of the contract.
Consider the Romer model. If the percentage of the population engaged in ideas formation (l) (bar) decreases, what are the short and long term impacts of this shift on Y?
If I spent all my money ($450,000) on a new house I could buy a house with 4500 square feet. I settle for a 1500 square foot house. (Each square foot costs the same.) The day after I close the deal a nearby nuclear power plant is condemned and the va..
“If the assumptions of the median voter model hold, then using majority voting to determine the amount of a public good purchased by a city will lead to either an efficient level of the public good being provided or an under-provision of the public g..
q1. options traders appeared to be taking a bullish approach to target.illustrate what does a bullish approach mean?
Mary consumes two goods, Diet Coke (X) and Cheeseburgers (Y). Mary’s Utility function is represented by U(X,Y) = 3XY2 . Her marginal utility function for X is MUx = 3Y2 . Her marginal utility function for MUy = 6XY.Write an expression for Mary’s budg..
what is the expected NPV for this new machine over ten years? what is the probability of a positive NPV?
If the actual price in this market were below the equilibrium price, illustrate what would drive the market toward the equilibrium.
Elucidate why does strong mono tonicity implies local non satiation but not vice versa
Why does the government have to regulate the pollution that is put into the environment? What type of externality is pollution and why is society not able to bring about equilibrium in markets?
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