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Suppose that the inverse demand for clothes hangers is given by: P = 3 − Q/16,000. Suppose further that the marginal cost of producing hangers is constant at $1. a. What is the equilibrium price and quantity of hangers if the market is competitive? b. What is the equilibrium price and quantity of hangers if the market is monopolized? c. What is the deadweight or welfare loss of monopoly in this market? (You can just use a graph to explain.)
Think of ways in which the Government is actively involved with the purpose of changing the economy. Why does the Government use these tools of fiscal policy? What are the hoped for results? Do you agree the Government should be involved? Why or why ..
Illustrate what are major arguments in case for income equality. Illustrate what are major arguments in case for income inequality.
Illustrate what will be the effect on the level of checkable deposits.
It would not pay a firm to produce anything in the short run if price were:
A firm can hire unionized workers, who have received additional training and are therefore more productive than non-unionized workers, or non-union workers who command a lower wage. If the firm hires unionized workers, how many workers and how much c..
Draw a market with a negative production externality. What kind of instrument (policy) do you use? What's its magnitude? What does the policy lead agents on both sides of the market to do?
How a tariff imposed by a small country on its imported good causes a loss of real income, in the sense of lower utility, or "well -being" on the part of consumers?
Suppose you manage a rm with two production plants. The marginal product of labor at plant 1 is MP1 = 1400 - L1 where L1 is the number of workers employed in plant 1. The marginal product of labor at plant 2 is MP2 = 2000 - L2 where L2 is the number ..
An illustration of the Production Possibilities model, including a summary of what the model is illustrating and the economic implications for the economy.
The EU recently admitted the Eastern European countries. How do you assess the impact of the EU's expansion? What are the costs and benefits of the expansion for the U.S. economy?
Use the two big questions of economics and the economic way of thinking to answer the following questions about the economic life of a homeless man.
Need Stage 2 paper - Business Process Analysis. Need APA format paper that is 3-4 pages with 2 references cited.Before you begin this assignment, be sure you:1. Have completed all previously assigned readings, particularly those assigned in Week 2..
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