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Price Controls: Give me an example of a Price Ceiling or a Price Floor and tell me what the effect is to quantity supplied and quantity demanded, will this create a surplus or shortage and in what, can it reach price equilibrium and why, and what the negative effects will be.
In Mexico, it takes 3 days to produce a bulldozer and 12 days to produce an airplane. In Brazil, it takes 2 days to produce a bulldozer and 10 days to produce an airplane. The opportunity cost of producing an airplane is lower in
Compute the output and price of wood working if it is produced under competitive condition without regulation. Determine the socially efficient price and output of woodworking.
Describe why some long-run average cost curves are steeper on the downward side than others.
At April 30, partners' capital balances in PDL Company are: G. Donley $48,100, and J. Pinkston $17,600. The income sharing ratios are 5 : 4 : 1, respectively. On May 1, the PDLT Company is formed by admitting J. Terrell to the firm as a partner. Lama..
Massive Products, Inc., is a monopolist whose cost of production is given by 10Q+Q^2 which means its MC=10+2Q. Demand is Q=200-2P. What price will the monopolist charge, and what profits will the monopolist earn? What will the consumer surplus be? Wh..
Assume to a program is implemented that guarantees college tuition assistance to students maintaining a minimum GPA standard.
Should you make her an offer at the salary or continue the interviewing process. Explain
Studies Explain how among which of the delivery curve bananas have shifted. All of the subsequent could be possible explanations for the shift except one. Which is the exemption.
On a specific plot of land, X = 20L1/2 ; where X is the level of output in bushels of wheat, and L is the number of workers hired. Assuming that each worker receives a real wage equal to 1 bushel of wheat, calculate the maximum rental value of the la..
Identify three of the most significant costs for for-profit colleges and discuss (in the short run) how the magnitude of each cost type affects (i) profits, (ii) equilibrium enrollment and (iii) for-profit colleges’ decisions about whether to enter o..
illustrates what is a possible analytical tool to study the impact of WTO's trade rule on economic development of SSA?
The law of diminishing marginal utility states that:
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