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a) Who benefits from rent ceilings? b) Who suffers? c) What are the long-term effects of rent ceilings? d) How can landlords and tenants cheat on rent ceilings? e) Do you think the rent ceilings might lead to more discrimination against certain groups?
1. How can you convince your employer (or future employer) to adopt sustainable business practices? Write a memo to the CEO or president of your company and persuade him or her, using the information you learned in Chapter 10.
You know that no one will buy a pouch at $5, but if you keep lowering your price by $.25, you can keep selling another one. How many pouches will you sell to make the most profit?
An airline is considering the purchase of an Airbus A-320neo which offers improved fuel efficiency over the previous generation of narrow-body aircraft. The finance department estimates the aircraft will generate a positive net cash flow of $6 millio..
what is the opportunity cost of producing Toyotas in each country. Who has the comparative advantage in producing Chevrolets.
What does Brenna need to prove in order to show she is the owner of this strip of land?
Your disposable income is $100,000 a year. You face a 50/50 chance of losing $10,000 from an illness requiring surgery and value your income to the utility function U=income^0.6. What is your expected income, what is your certainty equivalent, what i..
What is the deadweight loss created by this monopoly? (Hint: compare the monopoly outcome with the perfectly competitive outcome).
You are a benevolent water manager who is tasked with assigning water to three different types of users: 1) Wheat farmers, 2) Town of Moscow, ID, and 3) Town of Pullman After extensive research from the econ department at WSU, you have been able to e..
The economy has no government expenditure and does not have any foreign trade at present but it does have investment expenditure, which is constant at €150. Determine the equilibrium level graphically
Compare the competitive price charged and quantity produced under perfect competition and monopoly. Other than identifying the presence of only one producer under monopoly, why do we tend to see this differential? Does a monopolist achieve efficiency..
Universal Studios has decided to open a new theme park called Universal Studios Indiana. It will feature the usual attractions
a. What is the elasticity of demand at the current price level? b. Is the current price level profit-maximizing?
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