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Questions:
1. What is the market equilibrium quantity?
2. What is the efficient quantity?
3. What is the efficient price? Do not include the $ in your answer.
4. If the government wants to use a Pigovian subsidy to bring about the efficient level of output, what should the value of the subsidy be (per unit)? Do not include the $ in your answer.
Why are the factors that shift the demand for a product different from the factors that shift the demand for labor?
Some years ago, two intercity bus companies, Greyhound Lines, Inc. and Trailways Transportation System, wanted to merge. One possible definition of the market.
Consider a father who is trying to discipline his child. The father insists that the child must go with the rest of the family to visit their grandmother. The child prefers to go to the movies with a friend. The father threatens to punish the child i..
1. suppose a monopolist has the demand schedules. marginal costs are constant at 13 per unit and mc atc at all output
there are two contrasting theories of physician behavior. the first is the traditional model and the second is referred
Construct a graph to show the original equilibrium level of income. Why is there no change in investment in response to the decline in planned saving?
find a short news or online article that has been recently published within the current month that addresses health
The long-run equilibrium for a perfectly competitive industry occurs when the firms are earning economic profits of zero. Why would firm stay in business if it is making zero economic profits
Taxicab companies in the United States typically own a large number of cabs. Why did this type of compensation system develop in the taxicab industry?
What is comparative advantage and how does it affect a nation's expoarts and imports? Explain what the terms of trade are in international trade. What is the exchange rate in international trade
Before 1995, trade between Canada and Mexico was subject to tariffs. In 1995, Mexico joined NAFTA and all Canadian and Mexican tariffs have gradually.
It sounds as if availability, the supply, was more of a determining factor of the demand, but was price an issue at any point?
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