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What kinds of changes in underlying conditions can cause the supply and demand curves to shift? Give examples and explain the direction in which the curves shift.
What is price elasticity? Give examples of five products whose demand is price elastic, and five products whose demand is price inelastic and elaborate on the choices you make
Show the equilibrium effects on consumption and hours worked of and increase in G of this type are ambiguous but that output increases.
Your savings account was earning 3% interest. What are explicit and implicit costs of your decision. What is total opportunity cost this year of starting shop.
Elucidate how production possibilities table or curve reflects law of increasing opportunity costs. Illustrate what do points along PPC recurrent (with respect to available resources).
what combination of coal-fired plants and gas-fired plants would minimize construction costs.
Rent controls place price ceilings on rents at levels below market equilibrium rental rates for the stated purpose of making housing more affordable for low-income families. Using demand and supply analysis, answer the following questions:
Clearly explain the factors to consider as your "fixed factor" and alternative short term and long-term decisions. Submit your analysis in a one to three page paper.
Illustrate what sets the 1st generation marginal lists apart from their second generation marginal list
A firm uses 50,000 workers to produce 200,000 units of output per day. Compute the values for the following four formulas.
Illustrate what price should he charge each group if he needs to maximize revenue collected from ticket sales.
Explain how would a citizen whose income is in the bottom one percent talk about scarcity and trade-offs.
What do they perdict will happen to labor market participation rates in the comming years? What impact are these events expected to have on the economy's potential GDP and why?
limit popular influence without destroying popular sovereignty. Illustrate why the framers wanted to achieve each of these objectives and how the Constitution does so.
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