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Consider the small Home country with many perfectly competitive firms that produce oil.
The demand curve for oil is given by P = 400 - 2Q, and the Home supply curve is given by P=Q
(b) Assume that the Home government imposes the import quota of 50, ? How much oil is produced at Home? How much oil is consumed.
Illustrate what is the firm's profit maximizing output level. Is the industry in long-run equilibrium.
Let’s assume the demand for balloons is expressed by P=40-2Q. The supply is P=3Q. What is the equilibrium price and quantity? What is producer surplus? What is the consumer surplus?
If the value of jan's retirement portfolio increased from $210000 to 489000 over a 14 year period with no deposits made to the account over that period, what annual rate of return did she make?
When face wants are not addressed during interaction, one or both of the parties may experience a loss of face. People are said to lose face when they are treated in such a way that their identity claims are challenged or ignored. Not surprisingly, r..
Discuss a situation in which both parties entering into a contract could benefit from slightly ambiguous language contained in the agreement.
Find an article from a reputable news outlet (this should be a news article not an academic one) that both relates to the content of this semester and contains a graphic presentation of data. Assess how well the author's graphic accurately communicat..
What is the equilibrium price of labor? If the government set a minimum wage of $50, how many workers would be newly unemployed?
Assume that the required reserve ratio is 10 percent. If the public withdraws $100 million from their checking accounts and holds it as currency, what happens to the federal funds rate?
The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of $1,440,000, $148,000 in the common stock account and $2,730,000 in the additional paid-in surplus account. What was the firm’s cash flow to stockholders during 2014? What ..
Some of the production of an economy creates pollution illustrated by the move.
Consider the industry for making plastic cups. The process of producing the cups generates pollution. Assume the marginal damage function of pollution is given by MD = 4E, where damages are measured in dollars and E is the level of emissions. Assume ..
Identify the most important obstacle that makes the retail market of canned soft drinks not perfectly competitive and suggest ONE government policy to enhance market efficiency by promoting the competition in retail market of canned soft drinks.
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