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Suppose that the government places a ceiling on the price of a medical drug below the equilibrium price.
Explain why there is a shortage of the medical drug at the new ceiling price.
Suppose that a black market for the medical drug arises with the pharmaceutical firms secretly selling the drug at higher prices. Describe and draw the black market for the medical drug, including the ceiling price, the black market supply and demand, and the black market feasible price.
Illustrate what is an opportunity cost. Elucidate how does the idea relate to the definition of economics.
Explain how can multiplier have a -ve effect. What is the relationship among the multiplier as well as the marginal propensities.
Suppose a nation picks 1000 young adults at random to serve in the army. Illustrate what information do you need to determine the cost of using these people in the Army.
For each option calculates the profit-maximizing price and quantity. Which, if any, of these compensation schemes would alter the deadweight loss from monopoly.
How do fixed costs play a role in your analysis? What is the difference between shutting down and going out of business?
Enlighten the budgetary challenges state governments would face if the economy were to go into a recession also the unemployment rate were to increase.
Discuss the approach of utility maximization considering consumer behavior. Do you know the examples that confirm this theoretical point of view? Emphasizing how knowledge of the theory an contribute to the better understanding of life situations peo..
Illustrate what two policies could you use to reduce the total amount of emissions.
1. you are the manager of a racquet club as well as you want to determine the best cost for local rentals. assume that
Explain how the economy can adjust in the long run to restore full-employment equilibrium. Draw a graph to illustrate this adjustment process.
nasa please respond to the following analyze the methods used by nasa in itsstructured profit approach and speculate on
q.bob as well as nancy live in a new housing development as well as they would like to have fire hydrants installed to
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