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Assume a competitive market with market demand represented by Qd = 60 -6P and market supply represented by Qs= 4P. If a price ceiling of $4 was implemented, would there a surplus or shortage result? How many units would there be a surplus or shortage of?
Each has a crucial role to play if the discipline system is to be effective. Discuss the elements of a company's discipline system or process and explain whether you feel it is effective or not in handling difficult or ineffective employees.
“The short-run supply curve of a perfectly competitive firm is the firm’s marginal cost curve.”
Explain the government uses policies like student loans and free trade to influence the economy's growth rate.
A price ceiling sets a maximum legal price that a seller may charge, typically placed below equilibrium. What do you think of a government placing a price ceiling the next time gasoline prices rise above $4.00 a gallon?
Assume that the potato chip industry in the Northwest in 2007 was competitively structured and in long-run competitive equilibrium; firms were earning a normal rate of return, in 2008 two smart lawyers quietly bought up all the firms
What is the maximum amount the money supply can increase, assuming this bank is the only bank in the system that has excess reserves and
What motivated the producers of all the individual products in the store to make them and offer them for sale? How did the producers decide on the best combinations of resources to use Who made those resources available, and why
Question1: Explain why a class is an excellent representation of an Abstract data type. What needs to be included in the class so that it represents a collection? How would an Interface be used with the class?
Suppose venezuela imports TV sets at a price of $150 each. Under free trade, how many sets does Venezuela produce, consume, and import?
Calculate the market and socially optimal equilibrium if supply is equal to Q=4 - Calculate the market equilibrium and the socially optimal equilibrium.
Compute the price or output combination and the total economic profits which would result if competitors offer clones which make the QuickerBetter market competitive.
Use the Solow model, the Solow-model diagram and the capital accumulation equation to explain what happens to the following if there is an increase in the depreciation rate:
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