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A market has a demand curve described by P=30-Q, a supply curve described by P=16+Q, and a price ceiling of 20. Calculate the Total Surplus of the market with the price ceiling
Find out the own price elasticity of demand and state whether demand is elastic, inelastic or unitary elastic. Determine the income elasticity of demand state whether good X is normal or inferior
Suppose a firms production function is: q = L 0.5+K0.5. Assume that the price of labor is w = 1 and the price of capital is r = 1. Determine the firms cost function and its marginal cost.
Is it possible for the government budget deficit to decline at the same time as the government debt increases Why or why not Under the assumption of ‘crowding out,' how would this impact future economic growth
critics of traditional welfare programs often argue that a downside of traditional welfare programs is that when the
When the minimum wage is raised in a competitive market, ceteris paribus: Kelly will work more hours if her salary increases.
What is the Federal Funds Interest rate?
How do construction contracts serve as a means of pricing construction and structure allocation of risk to contracting parties? Discuss this with respect to types of contracts. What factors determine the amount of mark up a contractor uses in pricing..
a generous university benefactor has agreed to donate a large amount of money for student scholarships. the money can
The economy is in a boom and the inflationary gap is large. Describe the discretionary and automatic fiscal policy actions that might occur.
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write a paper of 500-1000 words double-spaced briefly explain some of the issues that a company may face as it
a key economic adviser to president george w. bush said yesterday he believed that national saving was too low in the
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