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RENT CONTROLS
Using a supply and demand analysis, what would placing rent controls due to the number of apartments accessible for low-income individuals?
Is this a good model for unemployment? What would you add to study the problem more completely? What assumption does this model make regarding unemployment
During the period of airline regulation, the government set airline fares and regulated an air carrier's entry into and exit from particular markets.
Suppose that the ecomony is operating below full employment and that it will not overheat during the year.
Are there any examples which you can think of where you, personally, would not experience diminishing marginal utility.
Compute the own price elasticity of demand at a price of $4. What is the inverse demand curve for the radio station
Explain how might these regulations be thought of as being a negative technological change.
A pure monopolist determines that at the current level of output the marginal cost of production is $2.00, average variable costs are $2.75, and average total costs are $2.95.
What is the profit-maximizing price to charge a Texan for a car wash? What is the profit-maximizing price to charge a Californian for a car wash?
Elucidate how the market for corn would be affected if ethanol, a corn derivative was used to fuel cars in the United States.
Using the following schedule, define the equilibrium price and quantity. Explain the situation at price of $10. What will occur? Discuss the situation at a price of $2. What will occur?
Elucidate why the US would subsidize the short run costs of production for tobacco farmers in foreign countries.
Elucidate the elasticity of demand given the price and income combination.
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