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Q. McCullough has a monopoly on rental dwellings in the local community. The demand for rental dwellings is the resulting marginal revenue function is MR (Q) = 1,400 - 0.04QD. McCullough's marginal cost of providing rental dwellings is MC (Q) = 0.01Q + 20. Suppose that to ease the burden on renters, the local community has instituted a price ceiling of $480. Does consumer surplus increase due to this price ceiling? Does social welfare increase as a result of the price ceiling?
What is the unregulated competitive equilibrium. What is the unregulated monopoly equilibrium.
if you were asked to forecast Jan also Feb sales for next year, would you be confident of your forecast using the preceding moving averages.
Each firm can monitor the other's price very closely and can respond instantly
The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled
The 2001 recession ended in November 2001, but the perception of "bad economic times" lingered into 2002 and 2003. What evidence do these graphs provide concerning the lingering perception of a recession.
Compute new supply of $ at each exchange rate and graph the new supply curve.
Could Boeing's margin probable rise or else fall if yen then depreciated as well as competitor prices were unchanged.
Define Mercantilism, Pick a country and talk about the products they import and export with the U.S.A. Also talk about the composition of trade with relation of abundance of the two countries
Explain how the MAS have successfully used exchange rate policy to achieve price stability for the last two decades.
Pharmaceutical drugs have an inelastic demand, as well as computers have an elastic demand.
Austria has a history of strong hostility to nuclear power, and over the last twenty years the Austrians have shut down all of the reactors in Austria
In 2003, when music downloading first took off, Universal Music slashed the prices of CDs from an average of $21 to an average of $15.
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