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Rent controls force landlords to price apartments below the equilibrium price level. An immediate effect is a shortage (excess demand) of apartments, because the quantity of apartments demanded is greater than the quantity supplied at the regulated price. When cities prevent landlords from charging market rents, which of the following are common long-run outcomes? Check all that apply. Efficient use of housing space results. The quality of rental housing units falls. Landlords earn lower profits from renting housing units, but the rent charged has no effect on either the quantity or quality of rental units. Black markets develop.
When the Fed raises the discount rate, it. A potential money multiplier of 10 means that. The Federal Reserve System. Suppose Brian Moseley, watching David Letterman on TV one night, sees a Rock Classics commercial for five Billy Bragg CDs and decide..
What is cost-minimizing firm's expansion path will have vertical or horizontal segements.
The residents of the town Ectenia all love economics, and the mayor proposes building an economics museum. The museum has a fixed cost of $2,400,000 and no variable costs. There are 100,000 town residents, and each has the same demand for museum visi..
Let x be the average number of employees in a group health insurance plan, and let y be the average administrative cost as a percentage of claims.
Suppose that the U.S. noninstitutional adult population is 206 million and the labor force participation rate is 67%. What us the size of the labor force? If 72 million out of the 206 million adults are not working, what is the unemployment rate?
What is the estimated cost of common equity using the CAPM formula?
It is estimated that the maintenance cost on a used car will be $300 the first year. Each subsequent year, the maintenance cost will increase by $50. At an interest rate of 6% per year, what is the equivalent equal uniform annual cost of maintaining ..
A region has 7 million workers. There are two cities A and B. How utility varies with population in each city is described in the table below.
What is the lesson learned from the stories about the accuracy of Wikipedia?
Annual revenue from using the chipper was $38,000 per year. Calculate the annual worth of the chipper at 7% interest rate
Ten lions confront a single Christian. The most ferocious lion can eat the Christian if he wants to. If the most ferocious lion does not eat the Christian, everyone goes home.
Taylor gets smart and realizes that she is the only pie shop around. Calculate the marginal revenue she gets for each additional slice as the change in total revenue (price times sales). Graph this and give the new quantity of sales and the new price..
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