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a) Draw the supply and demand for apartments. Assume in this market all apartments are identical, so there is only one equilibrium rent ("price" of an apartment). Show the rent as $800 per month.
b) Show the effect of a law preventing landlords from raising rent above $700. Does this cause a shortage or surplus? Is this a price floor or a price ceiling? How would a law preventing landlords from charging above $900 give different results. What is such a price restriction called?
Which of these same curve would shift as a result of the per-burger tax. Curves average fixed cost,marginal cost would shift as a result.
Why is monitoring and controlling the project cost important for the success of the project.
Tthe price of elasticity of supply is of apartment is 0.50 use the demand and supply curve to show the initial equilibrium point a.
Explain the essential distinctions among the stages-of-growth theory of development, the Structural change models of Lewis and Chenery.
Sets out the aggregate demand and aggregate supply schedules in Japan. Potential GDP is 600 trillion yen. What is the short-run macroeconomic equilibrium.
Compare the sum of consumer and producer surplus for the monopoly with the results for perfect competition.
To one side maximizing profits evaluate the factors which managers must consider when making judgment to outsource or integrate forwards/backwards considering which factor would be mainly significant for decision-making.
How do the buyer's returns compare with the method of payment, and how do they compare with single versus multiple bidders.
Suppose that in the 1990's, the average retail price of a roll of Kodak film was $6.95 and that Kodak's marginal cost was $3.475 per roll. Based on this information, discuss industry concentration.
discuss the major types of financial intermediaries in the U.S. and illustrate the differences in the way assets and liabilities are recorded on their balance sheets
Should Roscoe's Rascals match the price offered by the competitor.
Represent graphically the effects of an expansionary monetary policy and a contraction fiscal policy in the IS/LM/FX model.
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