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List and briefly describe three ways in which the US government restricts agricultural practices, leading to lower production or higher production costs.
Assume that a country has a growing budget deficit, carries a very large debt, is in a period of high unemployment with interest rates almost at zero, and annual inflation and GDP growth of about 2%. Demand and supply of money Interest rates The Phil..
Martha has the utility function U(x, y) = min {4x,2y}. Write down her demand for x and y as functions of the variables m, px, and py, where m is income, px is the price of x, and py is the price of y.
q.a. for jalapeno peppers draw a graph of market. be sure to label everything.b. draw a new graph that shows what
1. The Philippine environmentalist is considering an order that a 100 acre of land in South of Batangas preserved in its natural state, because its area is hom
A firm that manufactures office desks has the following production function in the short run:
Using java create variables to store these values. Devise with good names for these variables. In addition to creating the variables, set the values as follows:
Elucidate the equilibrium price and equilibrium quantity. Suppose the price is currently $2. What problem exists in the economy? What would you expect to happen to price.
Discuss and provide application of concepts of supply and demand by identifying two goods and two services you consume at the household or professional level.
The monopolist's costs are described by TC=8,000,000+2Q. Calculate the profit-maximizing quantity.
Find the relationship between marginal costs and benefits at this level. In general what assumptions are implicit in such an analysis?
Jessica Alba, a famous actress, starts the baby and family products business, The Honest Company, with Christopher Gavigan. Are they likely to make economic profits initially? Can they continue to make economic profits in the long term? Why or why no..
Borrow from the nation with the lower nominal interest rate, invest in the nation with the higher nominal interest rate and profit from the interest-rate differential.
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