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What is the equilibrium quantity and equilibrium price for the following demand and supply curves:
QD=5800-6p and QS= 4P-120
Calculate consumer and producer surplus in this market.
If a price floor of $600 is placed on this good, what is the new equilibrium price and quantity? Calculate the amount of any shortage or surplus. What is the change in consumer surplus?
If a price ceiling of $500 instead of a price floor were placed on this good, what is the new equilibrium price and quantity? Calculate the amount of any shortage or surplus. What is the change in producer surplus?
Explain two distinct factors through which geography can affect a country's income and prosperity. For both of these factors described in part A, discuss whether you think the effect of these on a country's income is fixed over time or whether the ef..
What is the deadweight loss if buyers, instead of vendors, are required to pay the tax of $4 for each unit of the good sold.
College students often borrow money to attend school. Generally, the plan is to pay loans back through future earnings. In this way, capital markets and labor markets are intimately connected.
Assume the following data for a country: total population, 500; population under 16 years of age or institutionalized, 120; not in labor force, 150; unemployed, 23; part-time workers looking for full-time jobs, 10. What is the size of the labor force..
Explain why at first patents might seem such as a deterrent to growth because in effect they restrict the use of new technology
Suppose that you are willing to pay $10 for a good and the market price is $15. In this case: you will buy the good and receive a consumer surplus of -$5.
Think about a product that you have purchased recently (e.g. soda, diapers, takeout meals, milk, shoes, manicure/pedicure, video game, etc.)
Why would a country employ the use of a guest worker program? Why would a country include offshore assembly provisions in its tariff code?
1. What are the growth promoting policies prescribed by neoclassical models? 2. What are the growth promoting policies prescribed by new growth models? Give me the good explanation.
Compare and Contrast the features of the retirement plans offered by Creative Games and United Manufacturing. Which plan do you think is more desirable? Why?
Using the Library, the Internet, and your course materials, briefly define and explain dynamic pricing. Select a company that uses (or has used) dynamic pricing and respond to the following questions
______An organization's shared values, beliefs, traditions, philosophies, rules, and role models for behavior represent its
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