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If there is a significant change in demand, the demand curve will shift but the supply curve will not. What does happen to the supply curve and why?
Discuss the advantages and disadvantages of using GDP as a macroeconomic indicator. Identity and explain the rationales behind alternative measures of the wellbeing of the society.
A market is made up of two consumers. The first has a demand P(1) = 1200 – 3q and the other has demand P(2) = 1200 – 6q. There is one firm in the market acting like a monopolist with costs = Q^2 + 90,000. Assume the firm can perfectly price discrimin..
Suppose that annual income from a rental property is expected to start at $1,350 per year and decrease at a uniform amount of $55 each year after the first year for the 12-year expected life of the property. The investment cost is $8,200, and i is 9%..
Holding other factors constant, if 3D-printing technology allows factory workers to manufacture more products per hour, then the real wages of factory workers will ______ and employment of factory workers will _____. An increase in the demand for chi..
Find the equilibrium permit price. Hint: The two conditions for a permit price equilibrium will allow you to solve for the emissions levels for each firm after trading. What is the total cost-savings from trading?
A storm destroys half the fava bean crop. Is this event more likely to hurt fava bean farmers if the demand for fava beans is very elastic or very inelastic?
Do you agree/disagree with the following statement: If the government increases the excise tax on bikes, the prices of bikes will rise? However, this will then cause the demand to decrease and as a result prices will fall back to their original level..
Do you believe that a company integrating ethics into its strategy and design can provide great returns to stakeholders as well? Explain why this is your belief and support your opinion with examples
Suppose that each ticket costs $5 and that the total cost of giving the concert is a fixed $2000. Let Y = profit = total sales revenue - total cost = 5X - 2000.
Elucidate the drastic change also Illustrate what this meant for the U.S. population.
Mitsubishi Heavy Industries makes the wings of the new Boeing 787 Dreamliner in Japan. Toyota assembles cars for the U.S. market in Kentucky. If any parts for the cars come from Japan, the parts are Japanese imports. When the wings are sent to the Un..
What signals are a firm sending when it decides to advertise? What promises is the firm implicitly making to the audience for the advertising?
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