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Assume that milk operates in a perfectly competitive market, use a well labeled demand and supply model to explain how market equilibrium price of milk is being determined.
Using the same model, explain and illustrate the impact of the glut of milk on the market. Clearly explain the equilibrating process.
If you were the Minister for Agriculture in the Victorian Government, and the Victorian Dairy Farmers Association asked you to support their members by imposing a legal minimum price, would you support or reject their request. Use an economic model to explain why you reached your decision.
With the aid of appropriate diagrams, what possible alternative programs could the government implement to increase the prices farmers receive in the market? How does your answer compare with question 3 above? Explain
Consider an economy with three states. The following set of stocks is traded: x 1 =(2,2,0) x 2 =(1,0,3) x 3 =(0,2,4). The t=0 prices of these stocks are given as follow
if tc is 200 what will be marginal cost?
Q. Define Contribution Pensions? Defined Contribution Pensions: A pension plan which makes no specified promise about level of pension paid out after retirement. In its place,
how to compute the price of a laptop increase of 20% and there is a 40% drop in the aquantity demanded
what is the theory of Second best? Prove the theorem with the help of a diagram.
V alue Additivity In an efficient market the value of any 2 assets can be estimated as the sum of the values of the two individual assets. This is a variation on the theme
Isomers are two or more forms of compounds which having the same compositions. Types of isomers (a) Stereo isomers (b) Structural isomers
criticisms of monopolistic competition
Carmen, the Queen of Electra, is concerned over what she believes is an excessive consumption of electricity. Consequently, she proposes an excise tax on electricity consumption w
choose a topic from microeconomics that matters to you and find a recent news article covering that topic?
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