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What is the equilibrium quantity of a market with a demand curve P = 10 - Q and a supply curve equalto P = 2 + 2Q? Now suppose a tax imposed on the seller of $2 per unit? Show or illustrate how this taxeffects resource allocation? Speculate regarding what might justify the allocation effect of the tax?
Hsiang lives in a densely populated city in China. His utility depends positively on two things, the consumption of a composite good (X) and his health (H), and negatively on air pollution (P). His income is given: Y = 10. The price of X is 1. Calcul..
By what proportion does the skill premium increase or decrease when we take trade into account - What was the skilled labor factor content of net trade for Canada in 2005? What was the unskilled labor factor content of net (exports-imports) trade f..
q1. assume which the central bank implements a monetary expansion which is fully anticipated by financial markets. this
Assume that wages and prices are completely and immediately flexible. Assume that oil prices increase in the United States.
Qs = 24 + 20Px - 15PI + 6T - 32Pr - 20Pe + 5F Determine the equation of the supply curve for x when P=8, T = 4 P=4 P=5 F=47 Plot the supply curve on a graph b. If the values of all of the variables are 0, what is the quantity supplied? c. If the pric..
Three system resources that affect healthcare in the US are: healthcare professionals, technology, and financing. How do these resources affect one another? What specific effects have you seen in the healthcare system as a result of changes in each o..
Recall the Application about adapting growth accounting to new developments in the economy to answer the following? question(s). According to this? Application, economists Carol Corrado and Charles Hulten found that
Jennifer Creek is saving up for a new car. She wants to finance no more than $10,000 of the $26,000 estimated price in two years. She deposits $5,000 into a savings account now and will make monthly deposits for the next two years. If the savings acc..
Perfect Competition - Draw supply and demand graphs and show how the following situations would shift supply or demand. Does Price (P) and Quantity demanded (Q) rise or fall? The Affordable Care Act increases the number of individuals with health ins..
What services do you predict Bangalore India exports and what services do you predict it imports.
Essential Problems in bold: Demand with a quasi-linear utility function. Consider a consumer with the following utility function u(x1, x2) = √x1 + x2. This is an example of a Quasi-Linear utility function. Calculate the MRS for this consumer for gene..
A current highway project is estimated to have an average of $1,000,000 in annual maintenance costs upon completion. What is the capitalized equivalent of the perpetual annual maintenance costs for an account earning 6% annual interest?
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