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Suppose that the market equilibrium price for a basic medical check-up is $50, in a market in which there is no health insurance. To encourage more people to get a check-up, the local government mandates that the price of a check-up cannot be more than $40. a. Is this a price floor or a price ceiling? b. Draw a graph to illustrate the implementation of the policy. c. What happens to the number of check-ups in the market? Show on your graph. d. What happens to consumer surplus in the market? What happens to producer surplus? Show on your graph.
Illustrate what's the equilibrium price and quantity in the free market equilibrium. what's the best tax to impose on the power plant, why.
To what degree is the public debt a burden to future generations? Suppose income taxes and unemployment compensation were cut by an equal amount. How would aggregate demand be affected? As late as 1992, we were running budget deficits of nearly $300 ..
Seth is a competitive body builder. He says he has ti have his 12 oz package of protein to " feed his muscles" every day. On the basis of this information, what can you conclude about his price elasticity of demand for protein powder?
You can suppose any single peaked preference which you want and Characterize the equilibria of the model.
Describe what is meant by a price-consumption curve. How can it be utilized to help determine an individual’s demand curve? How can one derive the market demand curve from the demand curves of the individuals who make up the market?
Will the sales force and warehouse manager maximize ports.
How harmful is the public debt? Are you concerned about the public debt? Why or why not? Was it wise for the government to use expansionary fiscal policy during the Great Recession even with the effect on the public debt? Do you feel that the benefit..
the circumstances under which you need information regarding her preferences to determine which package she should choose.
q.auto company comprises small plant that produces speedometers exclusively. its yearly fixed expenses are 30000 and
Justify your answer using at least two analytical techniques and presenting the information graphically.
You own a retail establishment run by a store manager who receives a flat salary of $80,000. If you set up another store as a franchise with incentive compensation to the franchisee, what would be a reasonable total compensation range that the franch..
Given the current condition of the United States economy, do you think United States rule makers would prefer to see the $ increase in value, reject in value or stay at its current value?
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