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The rice prices have increased by 70% since last year. This trend has been accelerated in recent weeks and several parts of the world have already experienced food riots and protests over these price increases. Several rice producing countries have imposed limitation on rice export and even retailers in the United States have limited the quantity of rice each customer can buy. Increase in population, and draught in some rice producing areas are mentioned as contributing factors in this crisis. Assume that the rice market is a perfectly free market and was in its long run equilibrium prior to these events. Comment on what will happen in the rice market in the short and long run.
Does an increase in the CPI mean the economy is experiencing inflation - Is the U.S. in an inflationary period now?
What market forces prevent absolute PPP from holding in real economies? Which of these represent unexploited profit opportunities?
Elucidate what are some economic conditions that affect the cost of money
Elucidate why the $5.15 minimum wage in New Jersey likely has less of a detectable impact on employment.
tlc lawn care inc. provides fertilizer and weed control services to residential customers. its seasonal services
the macburger company a chain of fast food restuarants expect to earn 200 million after taxes for the current year. the
Describe how Lewis should spend his $10 on Pepsi and Chicken Wings in order to maximize his total utility. How many Pepsi and Chicken Wings would Lewis buy?
Dairy farm Industry a small producer of milk and cheese, has estimated the quantities of milk.
If the market has an expected return of 10 percent, a standard deviation of 20% and the risk-free rate is 4 percent, what proportion of your money should be invested in the market if you want an expected return of 16%?
Consider the problem of the book assuming that the utility is Cobb-Douglas (U (C, l) = C α l β )
Suppose the slope of the consumption function is 0.75 and there was an increase in income of $100. Calculate the increase in consumption.
Advanced technology digalized theEDG read out and the demand for the old style machine dropped. The drop in demand resulted in a demand resulted in a demand curve of P=3900-.15Q. What waas XYZ's optimal output and priving policy given this change in ..
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