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1. Suppose the market demand and market supply curves are given by the equations:
Q^D= 200-P
Q^S+3P
2. Suppose that a tax of T is placed on buyers so that the demand curve becomes:
Q^D= 200-(P+T)
What will be the deadweight loss from this tax?
One of the largest car dealers in the city advertises a 3-year-old car for sale as follows. Cash price $13,750, or a down payment of $1375 with 45 monthly payments of $361.23. Sharon bought the car and made a down payment of $2000. The dealer charged..
q1. which types of inefficiency described in chapter 10 do you think is most economically significant in the country
Each month, aztec spends exactly $2 million on advertising. Illustrate what is aztec's elasticity of demand for advertising. Can you write the equation for Aztec's demand for advertising.
Which of the following would cause the supply curve to shift to the right in the market for gasoline?
Assuming the basic fixed-order quantity inventory model fits this situation and no safety stock is needed, which of the following is the reorder point (R).
In terms of demand and supply shifts, what do you think were the supply, demand and equilibrium effects of this. Suppose that last year the price of peanuts fell and the quantity sold increased. Using supply and demand analysis explain how these chan..
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Illustrate what effort level would maximize profit per period. Illustrate what is the maximum profit per period in this fishery.
Show whether the following production functions exhibit constant returns to scale, decreasing returnsto scale or increasing returns to scale. Please do not just state your answer, but show mathematicallyhow you came to your conclusion. F(K,L) = K+L^(..
The expected value is. You want to run a difference-in-difference experiment with a price increase for your lawn chairs in Miami. If you are worried about "leakage" with your control group, a poor comparison city would be
Two weeks ago, you signed an employment contract and accepted the responsibility of a Branch Manager with the First Econ Bank in Dallas, TX. Calculate the actual dollar amount the First ECON Bank has to place aside to meet legal Reserve Requirements...
It is a typical Christmas electronics shopping season, and makers of flat-panel TVs are marketing the latest available models through their own Web sites as well as via retailers such as Best Buy and Walmart. Each manufacturer offers its own unique v..
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