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Demand : P= 500 -2q
Supply : P= 25 + 0.5q
Suppose the government imposes a price ceiling of $100.
1. What is the competitive market equilibrium?
2. What is the change in welfare to producers?
3. What is the change in welfare to consumers?
What kind of methods can developing countries use to reverse the declind of their terms of trade? Explain each method breifly.
When we study technology we should consider how technology is changing and how those changes affect the world around us. Considering how the world into which someone was born in 1955 was different in 2015 when that person would turn 65. What changes ..
1) A firm's marginal rate of technical substitution at M P L/M P = 3, and the ratio of prices of labor and capital ,w/r, is 4.
For any country of your choice (besides the United States), conduct research into the cultural characteristics and summarize these characteristics.
During the period of time that a local university takes phone-in registrations, calls come in at the rate of one every two minutes.
Consider two maple syrup producers that engage in Cournot competition. Inverse demand for maple syrup is given by P(Q) = 16 − Q and the marginal cost of each producer is 4. If the producers do not collude, what is the Cournot equilibrium amount of sy..
Look up the MB, M1, and M2 numbers in the Federal Reserve Bulletin for the past year. What can you say about their respective growth rates?
In 1958, A.W. Phillips stated that inflation and unemployment are correlated. In 1972, Milton Friedman stated that Phillips' relationship was only temporary, and thus only applicable in the short-run. Friedman contended that people will over time ant..
Steps that a government take to ensure that sustainable development is always considered in assessing which major economic projects or investment proposals to accept
q1. cross-price elasticity. b.b. lean is a catalog retailer of a wide variety of sporting goods and recreational
Suppose that the cost function of a firm is C(q) = 10 + 3q + 0.1q 2 and that it operates under perfect competition. If p = 4, find the optimal quantity, the costs, the revenue and the profits. Find the price at which the firm makes zero profits, that..
Draw a few of her indifference curves, and show her optimal choice. How many left shoes and how many right shoes does she buy?
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