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1. Why does rent control result in a shortage of rental units.
2. How does price elasticity of demand affect how much of a tax is passed on to the consumer and how much is absorbed by the seller. Show the effect with graphs.
3. Why can monopolistic firms make economic profit in the short run bot not in the long run. Explain and show graphically.
4. Your brother-in-law wants to borrow $1000 from you but he has a fit when you tell him he will have to pay you the same interest on the loan that the bank gives you. Are you justified? Why or Why not?
5. During the 1930s Jewish fighters dominated boxing. From the around 1975 until the present, blacks have dominated basketball. Explain the cause(s) underlying these two situations.
Third National Bank has reserves of $10,000 and checkable deposits of $100,000. The reserve ratio is 10 %. Households deposit $15,000 in currency into a checking account at the bank and that currency is added to reserves. What level of excess reserve..
How the Starting & Stopping of 3-Phase Motor from more than One Place Power & Control diagrams work ? include a Diagram with the answer
yumi is a lawyer specialized in mampa. when she takes a case she receives 1000 as a basic payment. if she manages to
Which of the following statements is true about investments in general and specific human capital?
you are employed by a hospital that has succeeded through innovation in dividing its markets into three segments each
Suppose that a study conducted by the Department of Homeland Security discovered that the average time it took passengers to go through the customs process for international flights arriving at the Atlanta airport was 33 minutes
Total liabilities and stockholders' equity $200,000 $210,000 Instructions (a) Prepare a horizontal analysis of the balance sheet data for Conard Corporation using 2011 as a base. (b) Prepare a vertical analysis of the balance sheet data for Conard Co..
the unemployment rate in october 2008 reached a 14 year high at 6.5. as of the end of 2008 the recession did not appear
Detail the characteristics of the market structure and also the opportunities and challenges you might face - Suppose you wanted to open a new business in your hometown.
What is the numerical value of the multiplier? What is equilibrium real GDP without investment? What is the multiplier effect from the inclusion of investment? What is the average propensity to consume at equilibrium real GDP?
Specific Analysis Problems Identified, determine a piece of software available that the company could use in analyzing the problem.
What are the profit-maximizing price and output levels? Explain them and calculate algebraically for equilibrium P (price) and Q (output). Then, plot the MC (marginal cost), D (demand), and MR (marginal revenue) curves graphically and illustrate the ..
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