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Question: Consider the market for personal shopping services (such as Instacart). During the first year of the pandemic, the demand for such services increased considerably. If price were prevented from changing, what would happen in the market?The market would reach equilibriumA surplus would persist and the market would not reach equilibriumA shortage would persist and the market would not reach equilibrium.
List the 4 components of the GDP, in descending order of magnitude for the USA (3rd and 4th may change position at certain points in the business cycle, don't worry about them). Research and state, on average, the percentage of GDP each component rep..
What are the major subcategories of private equity, and how do investment approaches differ and why would a corporation, like Intel, want to invest in private equity?
NO additional information is given, we have no info about revenue and after tax operating cash flow, this is a corporate finance task.
Normal 0 false false false EN-US X-NONE X-NONE Explain the value that Marx..
A competitive firm produces output y. Some of its output is defective and cannot be sold. That is, only a fraction 0 E (0, 1) can be sold in the market at unit.
Draw the Supply Curves. Suppose that the shut-down price is $10, What is the minimum quantity offered to the market by this firm?
An article in the Wall Street Journal notes that before the financial crisis of 2007-2009, the Fed "managed just one short-term interest rate and expected that to be enough to meet its goals for inflation and unemployment." What short-term intere..
Returns to Scale. Determine whether the following production functions exhibit constant, increasing, or decreasing returns to scale.
Derive the monopolist's demand and marginal revenue schedules from P=$55 to P=$20 at $5 intervals using Excel. Calculate the ranges over which D is elastic and inelastic, and the point where D is unitary elastic.
Suppose that drug addicts pay for their addiction by stealing: So the higher the total revenue of the illegal drug industry, the higher the amount of theft.
Suppose a monopolist faces the following demand curve: P = 420 - 4Q. What is the monopolist's profit-maximizing level of output
Show the impact on the equilibrium price and quantity that results from; (1) an increase in demand and (2) an increase in supply.
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