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If the government imposes a price floor of $90, does a shortage or surplus or neither develop? What are the quantity supplied, quantity demanded, and size of the shortage or surplus?
Business Week, in an article dealing with management, wrote, "When he took over the furniture factory three years ago.(the manager realized almost immediately that it was throwing away at least $100,000 a year worth of wood scrap.
When sulfur dioxide is emitted into the air it is transported over long distances and is converted to sulfuric acid.
Supposing a products is produced both in the US and abroad what would be the effects of the US import quota on the good? Discuss some of the attributes of the new economy.
What factors would cause a firm to decide to buy intermediate products needed for production of its final goods or services?
Let the social discount rate equal 10%. Find the socially optimum output in both periods. Calculate the Dead Weight Loss of the unrestricted equilibrium.
Let's use the model of the supply and demand for bank reserves to explain how the Federal Reserve can change aggregate demand in the short run.
The figure shows the competitive market for cellphones. Shade in the consumer surplus and label it.
When both firms announce the regular price, each company attracts only its 50 million loyal customers and the firms each earn $4 billion in profits.
A firm has the following total cost function TC(Q) = Q3- 24Q2+ 200Q + 500 - What is this firm's fixed cost?
Discuss the costs and benefits of having a minimum wage. Use the jargon and analysis learned from class to write your paper (i.e. Supply and Demand, Surplus, deadweight loss etc.).
An assumption in the model of the money supply process is that the desired levels of currency and excess reserves
What, if any, are this bank's excess reserves? How much new amount of loan will this bank be able to create because of the excess reserves? Answer part a and b if the required reserve ratio is changed to 8%.
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