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Q. The below information about the market for chocolate bars are revealed by market research: Demand schedule, qd = 1600 - 300pSupply schedule, qs = 1400 + 700pwhere q is quantity demanded / supplied and p is price.
(a) Compute the equilibrium quantity and price in market for chocolate bars.(b) Support your answer amid an illustration which shown market equilibrium for chocolate bars which comprise x and y interrupts of the curves and label them accordingly.(c) Show and label the ‘shortage' and ‘surpluses in your graph.
Changes in disposable income affect government purchases and the government purchase function. How do changes in net taxes affect the consumption function.
Compare the competitive price charged and quantity produced under perfect competition and monopoly. Other than identifying the presence of only one producer under monopoly, why do we tend to see this differential.
Trace out exactly where this 100 increase in income goes in the second round and compare to our simpler treatment with a closed economy and lump sum taxes.
Evaluate the financial performance of the company using the information providedin scenario. Consider all the key drivers of performance, such as company profit or loss.
Suppose a duopoly and let demand be specified by P=A-BQ. In accumulation both firms have same marginal cost c. Interaction between the two firms will be frequent infinite.
How can two countries both be better off as a result of trade? How can tariffs protect U.S. jobs? Do tariffs lead to a net increase in jobs?
George and John, stranded on an island, use clamshells for money. Last year George caught 300 fish and 5 wild boars. John grew 200 bunches of bananas.
Draw the production possibility curve and a. Define consumer surplus and producer surplus.
A local community voting to raise property taxes to increase school expenditures
Idea that a country can simultaneously pursue only two of the three following policies: free international-capital flows, monetary policy for domestic stabilization, and a fixed exchange rate.
Suppose that the participation variable, voucher, is completely randomized in the sense that it is independent of both observed and unobserved factors that can affect the test score.
A county is considering using a piece of park land for one of two alternative recreation projects.
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