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Assume the Price Control Authority (PCA) has set a rental price ceiling below the market price for apartments in a particular inner city zone. Explain clearly the effect on the market for apartments in the ret controlled zone. Use diagrams in your answer.
what is the short run equilibrium level of output in this economy.
Why does the percentage gain in earnings observed when worker gets one more year of schooling measure the marginal rate of return education?
Discuss utility and some of the properties about people's preferences. One is that "more is better ".do you agree that is always the case and if not do you have an example?
q.a new production technology for making vitamins is invented by a college professor who decides not to patent it. thus
the first automobiles were built in 1901, they were manufactured by skilled workers using hand tools. Later, in 1913, Henry Ford introduced the moving assembly line, which lowered costs and speeded production.
What is the marginal revenue (Change in revenue per one dollar of price change)?
Identify three of the most significant costs for for-profit colleges and discuss (in the short run) how the magnitude of each cost type affects (i) profits, (ii) equilibrium enrollment and (iii) for-profit colleges’ decisions about whether to enter o..
q1. explain how do you calculate the cost index using the nominal gdp to get the real gdp in billionsq2. the ncaa
What current economic conditions might impact the credit rating of a team or league?
Supply chain management is one of the most important factors in the industry in which I work, bio-pharmaceutical manufacturing. For each manufacturing run, the bill of materials (BOM) can be thousands of items long which all need to be tracked from: ..
Suppose an oil embargo results in a 20% reduction in the supply of gasoline in the U.S., and the price elasticity of demand for gasoline in the U.S. is .75.
Show that after a shift in the demand curve, a monopoly's price may remain constant but its output may rise.
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