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Suppose we observe the following two simultaneous events in the market for dark chocolate. First, there is an increase in the demand for dark chocolate due to public announcements about dark chocolate being good for your health. Second, there is an increase in the supply of dark chocolate due to technological advances making it faster and cheaper to process dark chocolate. Explain the effects of these two events on the equilibrium price and quantity of dark chocolate. Which curve shifted nd which direction they shifted. The effect on equilibrium price and quantity.
Distinguish between ethical rights and obligations from the perspective of accountants and auditors
You live in a small town with only one grocery store. the demand curve for food in your town by p=35-1/5q. The grocery store has a total cost curve of tc = 50+1.25Q. Graph the Demand, Marginal Revenue, Marginal Cost, and Average Total Cost curves. Wh..
Suppose there are 2 types of customers. Type A have the following demand P=200-2Q and type B have the following demand P=240 -8Q. The total cost is TC=4.9Q2. What prices should the monopoly charge each type of consumer and what should be the optimal ..
It is likely that a pro trade production growth effect will lead to an expansion of trade since the presence of inferior goods is relatively rare. Explain.
The problem escalates in the fall of each year during deer mating season as more deer are one the move. While deer whistles and other vehicle warning systems appear ineffective in dealing with the problem, clearing brush in the road ditches to make d..
Suppose 2009 is the base year. From 2009 to 2010, the price index increased from 100 to 102.5. if nominal Gross Domestic Product (GDP) is $2,800 in 2010, then the real Gross Product (GDP) in 2010 is
Develop a researchable topic and prepare a research proposal using the layout outlined given.
explain how much the minimum wage was, employers would still be more likely to pay it.
Suppose Gus operates a small chicken restaurant in a perfectly competitive industry. His variable costs represent the costs of acquiring food and can be expressed as TVC(Q)=Q^2−(1/2)Q. What are Gus’s sunk fixed costs? What are Gus’s non-sunk fixed co..
Would you provide the possible reason to explain why the expansionary fiscal policy doesn't work in those countries?
How much profit does an unregulated monopolist earn? How much profit would be earned if MC pricing were imposed?
All astute comments thus far. Some government projects also programs continue to give benefits for many yrs.
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