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Question: Suppose the supply of rental apartments is completely inelastic in the short run. Show that imposing a ceiling on rents that is below the equilibrium rent does not cause any inefficiency by demonstrating that total consumer and producer surplus is not reduced by the rent ceiling. If the supply of rental apartments is more elastic in the long run, explain why a ceiling on rents would reduce the total surplus.
Find the critical value of the discount factor to sustain collusion if the firms play a supergame and use grim punishment strategies.
The team must write a speech which the Speaker must deliver about the current state of the U.S. macroeconomy to a number of amateur reporters who are unfamiliar with economics.
dentify what FIDO stands for and how 3M puts FIDO into practice. Assess whether FIDO’s approach could work for other companies or if it is unique to 3M and the products they produce. Write three pages on whether 3M’s specific practice of hiring local..
How might a career change (perhaps into the field you researched for the discussion forum) and further education affect your budget?
Write up a review of the article and integrate course concepts into your review. Make sure you both summarize the article and discuss how it relates to course.
Why do you think Apple moved from one to three price points in 2009? What types of songs do you think Apple tends to sell at the lower prices?
Institutions that function to connect one individual's savings another's investment decisions is in summation called the. Bob buys 500 shares of stock issued by Creature Comforts Brewing. Creature Comforts brewing then use those funds to buy new mach..
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What is the opportunity cost of increasing production of manufactured products from 500 tons to 600 tons per year? (in terms of agricultural products).
Suppose you have $5,000 in savings when the price level index is at 100. What is the real value of your savings if the price level declines by 10 percent?
After rallying for the most of February to reach record highs late in the month, the S&P 500 stock indez fell sharply on Friday March 6 following news that the economy added 295,000 jobs, bringing the unemployment rate down to 5.5%. An analyst has be..
suppose that the reserve requirement is 10 percent and the balance sheet of the peoples national bank looks like the
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