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Suppose the market supply curve of wagons is QS = –62.5 + 0.5p2. The demand curve is QD = 325 – 2p2. Use Equation 3A.2 in Appendix 3A to determine the incidence of a small tax on consumers. ?The equation to use is dp/dt=(ds/dp)/(ds/dp)-(dD/dp)
question 1 one tradeoff society faces is between efficiency and equality. elaborate each term with suitable examples.
If an employee is performing below standards managers need to explain what needs to be done to improve performance, and then give the employee specific tasks and timelines to do this. Often this is done with an action plan. Do a little research and t..
Compare and contrast a public good versus a private good. What are the principal characteristics of each? What are the two key characteristics of public goods? Is there a free rider problem when it comes to public goods? Why? Do you consider your loc..
Illustrate what should be the production level if fixed costs rose to $50,000 per month. Explain.
Who were the major lenders of subprime lending? How exactly did they effect our economy? How were they able to grant these loans when they knew borrowers wouldn't be able to pay them back?
In the United States, the average hourly earnings of production workers in 2007 were $17.45 per hour. The national minimum wage was $5.85 per hour. Assume that the minimum wage represents what a worker receives for "raw labor". Using these data, calc..
Analyze the differences between short and long run production for a Perfectly Competitive Firm. In your analysis, explain the theoretical conditions that govern the market structure, market conduct and market performance of a perfectly competitive fi..
q. the federal reserve expands the money supply by 5a. use the theory of liquidity preference to illustrate the impact
When a fixed exchange rate system is adopted, it results in all of the following except:
What is the difference between the Federal Funds Rate and the Discount Rate? Please explain the difference by providing an explanation of each rate and their purposes. Is there anything else that the Federal Reserve can do to change the supply of mon..
Suppose you want to test whether the 1993 FMLA actually affected the wages of female workers. Assume you have data on the wages, gender, firm size, and other characteristics (age, education, race, ethnicity, etc.) of workers for the years 1990 to 199..
label a level of population at which the population is expected to decline. Why is the population dexlining at this point?
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