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Problem
Suppose the supply and demand equation is given as follow:
Demand: Qd=113-4*pSupply: Qs=13+2*p
What's the equilibrium quantity?
Identify the relationship between demographic change and economic growth in the MENA region. How do resource rents and demographic change influence economic.
Suppose the US dollar appreciates in its value against the Euro. If you were exporting US made products to Europe, what would happen to prices of your exports?
Explain the decline in deficits and subsequent surpluses in the late 1990's - Explain the return to deficit spending since the turn of the century.
Estimate the cost of expanding a planned new clinic by 20,000 ft2. The appropriate capacity exponent is 0.66, and the budget estimate for 200,000 ft2.
Since 1950 the federal government has run a surplus on average roughly 1 year in each decade. Why is it so difficult for the federal government to run a budget.
For this assignment, research the economic affects of natural disasters. You can research the economic affects of large localized events or the more general.
Determine the weekly payment with weekly compounding of interest.
Which product would tend to have a higher markup in a supermarket, cigarretes or Colombian coffee? Explain. And what about Apple computers and HP computers in an electronics store?
Explain difference between explicit and implicit costs of production. Explain reasoning behind U-shaped, long-run, average cost curve. Explain the law of diminishing marginal returns. Describe economies and diseconomies of scale.
In the numerical example given in the text, the inverse demand function for the delectable resource is P = 8 - 0.4q and the marginal cost of supplying it is $4.
A new widget, with a service life of four years, would save $50,000. in production costs each year. Using a 12.00% nominal annual interest rate, determine the highest price that could be justified for the widget, i.e., determine the present value of ..
What happens to the indifference curves when a household's income is reduced and how does a budget constraint explain consumer choices when used in conjunction with indifference curves?
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