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Question: If a price floor benefits producers, why does a price floor reduce social surplus? Because the losses to consumers are greater than the benefits to producers, so the net effect is negative. Since the lost consumer surplus is greater than the additional producer surplus, social surplus falls.
Using the marginal utility approach discuss how economic theory explains the optimum pattern of consumption for an individual consumer
What is the value of gross private domestic investment? What is the value of net investment? Are any intermediate goods counted in gross investment?
What is the price of money? Hint: interest rates. How are interest rates determined?
Machine learning is a method used to give a computer ability to learn using a specific software without necessarily programmed - Genetic algorithms are mostly inspired by the way evolution works.
Suppose a consumer views two goods, X and Y, as perfect complements. Her utility function is given by U = MIN [2X, Y].
An energy management system that can save 7,500 per year for four years, expenses are 2,000 per year, installed at a cost of 20,000. At the end of 4 years it is expected to be sold for 1,250. using the end of year convention, the rate of retur..
Analyze the risk factors associated with each financial instrument used by companies. How was the domestic and global economy affected by the financial crisis?
Total explicit costs of using market-supplied resources for Quest Realty- partial income statement from Sizzling Foods
Rawls considers left and right shoes to be perfect complements (that is, Rawls always wears both a left shoe and a right shoe). For some reason, his local shoe store sells left and right shoes separately. What is the slope of the budget line? What ..
Explain A minimum of five advantages to bringing the landfill to Williamsville, An introduction that includes the company mission statement and track record with current/past landfills.
Suppose that a firm's production function is given by the Cobb-Douglas function q= (K^a)(L^ß) and that the firm can purchase all the K and L it wants in competitive input markets at rental rates v and w, respectively.
Provide a plot the time series data on U.S.
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