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Suppose demand is still described by P=5.10-0.80Q and supply is described by P=1.90+0.20Q. If there is a price floor of 2.94, what would be the quantity traded?
While greater access to imports may be beneficial from a microeconomic standpoint (people have greater range of goods to choose from, and available at a lower price) the macroeconomic view of things may be a little different.
Proposals to raise the minimum wage rate are often opposed with the argument that such a move would not only cause an increase in the unemployment rate but would also hurt the very people it is intended to help. Is there any validity to that argum..
Construct a table showing the (net) marginal revenue product derived from assembly worker employment and how many assemblers would Just Bikes employ at a daily wage rate of $100? Explain your answer and show all calculations.
write 400-600 words that respond to the following questions with your thoughts ideas and comments. this will be the
The relationship between Price elasticity of demand and Marginal Revenue can be shown to be: MR = P 1 ?1/|e|
The manager of EverClean finds two output levels that appear to be optimal. Show what these levels of output are, and explain which one is actually optimal.
take two positions and explain how the trade both help and hurt the u.s. economy. provide support for your
What are the primary differences between industrial users and home users of electricity that allow the utilities to discriminate between the two markets in terms of price? How do we compensate for these differences in order to improve the "common ..
Which of the following $1,000 face-value securities has the highest yield to maturity? Which of the following $1,000 face-value securities has the lowest yield to maturity?
What is the optimal effluent fee? b. If the cost of pollution control falls by $1 billion at each level of pollution, does this alter your answer to part (a)?
an insurance company stated that in 1987 the average yearly car insurance cost for a family in the u.s. was 1188.nbsp
price nbsp nbsp nbsp nbsp nbspnbsp quantity
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