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A war in the Middle East takes the most cost efficient oil fields out of production for several years. Describe what would happen to the oil market during the war.
A tanker runs aground in Alaska, cutting off 5 percent of the world’s oil supply. At the same time, the Federal Aviation Administration announces that all passenger planes currently flying for commercial airliners in this country are three times more dangerous than previously thought. Given this, using supply and demand analysis, what will happen to the equilibrium price and quantity of flights flying out of State College?
GE introduces a new solar panel design that allows solar farms to produce energy even when it’s dark outside (don’t ask how… that’s their problem). This phenomenal discovery yields energy at a cost of $10 per MWh, less than half the cost of coal-generated electricity. Describe what would happen to the market of coal-generated electricity.
An industry which has no barriers to entry, no product promotion strategy, a standardized product, and a very large number of firms operating within it, is said to have:
Explain the essential distinctions among the stages-of-growth theory of development, the Structural change models of Lewis and Chenery.
Illustrate what is the constant term if the equation for the demand curve is written in the form.
One day you realize you're tired of smelling like refried beans all the time and begin thinking about starting your own business. After doing some investigation you decide to spend 15 hours per week running a photocopy service in your dorm.
in october 2008 canadian consumer self-confidence plunged to levels that last seen in the 1982 recession. as per some
q1. if the equilibrium level of aggregate expenditure is 80 billion as well as there is a reduction in consumption of 2
St. Mary's Hospital owns a prime piece of real estate in the center of town. There is a small shopping center on this piece of land. Rents for each store are $4,000 per month. It hires three nurses monthly at $3,000 each. Furnishings are included in ..
A local cell phone monopoly faces the following monthly inverse-demand for lines from a typical family: P = 100 – 20Q. The total cost to the monopoly is C(Q) = 20Q. This implies that the marginal monthly cost to the monopoly is $20 per line. (Please ..
According to the equation of exchange, if total output is 2,000 units, the velocity of money is 5, and the money supply is $1,000, the average price per transaction will be
Opportunities being taken or missed out can be the be-all and the end-all for a company. How does market research help in opportunity recognition? Feel free to use examples in support of your answer.
What is globalization (please define it both as a process and outcome)? What factors can you identify in explaining why globalization occurred? How do you assess its impact upon both rich countries and poor ones, in particular, the issue of inequalit..
Consider a small open economy in the short run where the government imposes trade tariffs on corn. Under which regime (floating or fixed exchange), are the tariffs more effective in increasing output? Under which regime does the money supply increase..
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