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What are some potential "third-party effects" in the large-scale transferring of water rights from agricultural to urban areas?
Madeline and Nick took out a 30year mortgage for $160,000 at 9.8% interest compounded monthly. After they had made 12 years of payments, they decided to refinance the remaining loan balance for 25 years at 7.2% interest, compounded
A new firm successfully enters a three-firm Cournot oligopoly without changing the demand and cost structures. The new price becomes:
Can you please help me answer these two questions as they are to go into my Kyoto paper.
Suppose you just returned to Albuquerque from a trip to the United Kingdom. You were really impressed with the rail system but it seemed to be much more expensive than the Rail Runner. What is the real difference in the cost of the Rail Runner in the..
Demonstrate graphically how the price of land is determined. Show the effect of a tax on that land. Explain why that tax won’t cause the price of land to rise.
Write the economic analysis section of a business proposal. This will include statements about the market structure and the elasticity of demand for the good or service, based on text book principles
Suppose all consumers are maximizing utility with convex indifference curves. All face the same prices, and are perfectly rational. According to microeconomic models,
What annual increase in tuition is required? Assume inflation is 5% and other rates are nominal.
Consider an economy that initially has a labor force of 2000 workers. Of these workers, 1500 are employed . The economy enters a recession. Employment falls by 5%, and in addition 0.4% of the labor force becomes discouraged at the prospect of finding..
The article also notes that, as a consequence of the rent control laws, the price of owner occupied housing has increased greatly. Utilize a supply and demand model to model this phenomenon as well.
What would be the monopolist price and quantity? Calculate the profit for the monopolist and the DWL . Calculate the learner index for this monopolist. Now assume that the government imposes a specific tax of $1 per unit. What will happen to price an..
Suppose there are two identical firms producing Kale Pops, Anvil and Bale. They both have the same constant marginal cost of production of $2 and face the market demand curve Qd= 100-P. Each firm knows everything about each other. What will the other..
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