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Considering the two budget lines in the diagram, if the person's optimal number of hours worked is seven hours, then the wage rate must be: (show your working out )
Find the domestic price of hula beans that will result if the tariff is imposed. Also compute the dollar gain or loss to domestic consumers, domestic producers, and government revenue from the tariff.
The following equation represents the weekly demand that a local theater faces. Qd = 2000 - 25 P + 2 A, where P represents price and A is the number of weekly advertisements. Presently the theater advertises 125 times per week.
1. for each of the following two parts you must justify your answer. no explanation no credit.nbsp partially correct
Consider four different oligopoly settings listed in this chapter, what are the main features for each of them, you need to prepare your answers from the following perspectives, the nature of products, the response of other firms, and the timing of d..
A. calculate the price elasticity of demand between each pair of prices ($5.00 to $4.50, and so on). b. what happened to Ed as price falls? why does this occur? c. What factors affect Ed?
If the economy is operating on the upward sloping portion of the short-run aggregate supply, SAS, curve; show that an increase in aggregate demand, AD, from expansionary fiscal policy will result in an increase in both real income, Y, and the gene..
What are the ethical issues in this case? Who are the stakeholders and how are they impacted by this situation? Do you agree with Feinberg’s assertion that “you have to draw the line somewhere?”
Suppose the government decides to raise the gasoline tax as a way of reducing air pollution and traffic congestion to their optimal levels. Which of the following describes why Pigovian taxes, such as gasoline tax, are unlike most other taxes?
From the scenario for Katrina's Candies, examine the major implications for firms entering into a merger. Explain the criteria the U.S. Department of Justice and the Federal Trade Commission would follow when deciding on whether or not to approve a p..
Assignment: Research two periods in history, one where the United States experienced an increase in inflation and the other an increase in unemployment. Write a paper discussing the causes and outcomes. Use the aggregate demand and supply mo..
1.suppose the fed decides to stimulate the economy. assume there is no cash leakage and required reserve ratio is 25
Use economic concepts to describe the competition in physician services specific to demand and supply.
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