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Explain why equilibrium of supply and demand is desirable and discuss how externalities may prevent market equilibrium and the various governments policies used to remedy the inefficiencies in markets caused by externalities.
the region of acceptance will be wider than for large samples. the population is normally distributed. a larger computed value of t will be needed to reject the null hypothesis. the confidence interval will be wider than for large samples.
The new Week 5 Discussion question. The current labor force is faced with a new opportunity....Giganomics . Take the time to do your own research on this concept, then address the following questions, responding with your own original ideas and po..
Explain the most important economic, political or social issue facing the United States.
Research and discuss how the changes in autonomous expenditures affect income and output. Use the above example, let G0 = 200 and calculate the new equilibrium level of . Find ΔY given Δ, calculate the multiplier m. Interpret the meaning of the multi..
Prepare a two page double spaced essay on the concept of maximization and the assumption associated with the behavior of the economic man.
Let P and S denote the (constant) costs of permits and the scrubber, and let the discount rate be r and the growth rate of the demand for permits be 0
Elucidate how the price level will be affected by these expenditures in the short-run. Explain how GDP is affected in the long-run.
John has a job that requires him to travel 3 of every 4 weeks.He has an annual budget and can travel either by train or by plaine Graphically illustrate john's budget line.
Define what is The pattern of behavior that occurs when consumers react to a change in price of the product by buying a substitute product that offers a better relative value.
Given the price elasticity of demand for two products & marginal cost, determine the optimal markups and prices under third-degree price discrimination.
the natural unemployment rate is 4 percent and the actual unemployment rate is 7 percent. describe okun3939s law and
A monopolist sets price at $10 and sells 100 units. The corresponding marginal revenue is $5 and the marginal cost is $3. What recommendation regarding price and quantity would you give this monopolist? Use a graph to help explain you answer.
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