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Question: For this assignment I would like you to answer the following questions related to Part Four of your commodity project. You can type the information that you've found directly into this assignment. You can also paste any graphs, table, or charts that you've found since this will be valuable to have in your presentation of this information. You should look for at least three major events in the last 10 years including the impact of Covid-19.
Major Events - What major events have taken place in your commodity market during the last 10 years? i.e. Natural Disasters, Government Interference, Wars, Supply or Demand Shifts, etc. What impact did these events have on the market price or quantity produced?
Because bagels and cream cheese are often eaten together, they are complements. We observe that both the equilibrium price of cream cheese and the equilibrium quantity of bagels have risen.
It has been proposed that toll collection on the Massachusetts Turnpike, a key commuter route into Boston from the west, be discontinued. Proponents argue that tolls have long ago paid for the cost of building the road; now they just provide cash ..
How can the company pay its Canadian employees, who presumably want Canadian dollars, when its U.S. customers are paying in U.S. dollars?
Suppose if the economy currently has a frictional unemployment rate of 2%, structural unemployment of 2%, seasonal unemployment of 0.5%, and cyclical unemployment of 2%, determine the natural rate of unemployment?
What are the incentives of government bureaucrats who run public services such as the water services, the parking services, and the airports? Do these incentives differ from those of private companies in running these services? Why or why not?
Solve the following storage problem under perfect competition. Provide the prices and quantities in each period with optimal storage and compare the net present value to a no storage scenario (use a discount rate of r = 0.05).
Taxi fares in New York recently were increased by nearly 50%. Predict the effect on the price of taxicab medallions, the earnings of taxicab drivers and congestion in New York streets.
The Federal Reserve’s strategy will require changing the money supply. How does the Federal Reserve do this, and how (and why) does this affect interest rates?
After the construction of watermain, prior to hydrostatic pressure test, swabbing is carried out. What is the purpose of swabbing?
Market supply of labor The following table shows the hours per week supplied to a particular market by three individuals at various wage rates. Calculate the total hours per week (QT) supplied to the market.
Give a real life example of a change in quantity demanded versus demand change -OR- a change in quantity supplied by supply change.
Suppose that there are three firms, who produce homogeneous products, and whom have the same marginal cost which is constant over output. These firms play an infinitely repeated Bertrand pricing game. Each period they simultaneously set prices.
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