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Our Founding Fathers may have had something when they stated that "all men are created equal". This is likely true in many respects; however, does it make us ponder the idea if the man on the street really equal to the judge deciding a Supreme Court Decision?
Advanced technology digalized theEDG read out and the demand for the old style machine dropped. The drop in demand resulted in a demand resulted in a demand curve of P=3900-.15Q. What waas XYZ's optimal output and priving policy given this change in ..
A friend was left $50,000 by his uncle. He has decided to put it into a savings account for the next year or so. He finds there are varying interest rates at savings institutions
Demonstrate each of the following events by a production possibility frontier graph, and examine what the effects of it were on economic growth;
Find the net gains from trade - What is the quantity of automobiles imported by Ireland and find the quantity of automobiles imported with the tariff program.
(a) Basing your calculation on simple interest and giving your answer correct to four significant figures, calculate the annual rate of rate of interest paid to Barbara. (b) State your answer in (a) rounded to three significant figures.
Assume there are two types of consumers: type A consumers have a demand Q = 10 ? P for widgets, and consumers of type B have a demand Q = 5 ? P. Assume that there are 10 consumers of each type. (a) Calculate the market demand.
What is the profit-maximizing price and output? What is the total profit? What is the price elasticity of demand at the profit maximizing output?
the economy of the Shire that produces cereals and swords each industry employs Hobbits, but land is specific to the production of cereals, and metal is a specific factor in the sword industry.
1. A monopolist has an (inverse) demand curve for its product of P = 30 - 6Q (where Q is in millions of units). Its total cost curve is: TC = 14 + 3Q + 3Q2. Find the profit maximizing level of output, the profit maximizing price and the monopolist..
Suppose that the economy is at full employment and government make decision to cut taxes to give the economy an extra boost.
2. What will happen to equilibrium income in the following cases a. The mpe is 0.8, and autonomous consumption declines by $200. b. The mpe and mpc are both 0.5, and taxes rise by $400. How much of an increase in government spending would be required
Do these firms have an incentive to reduce their pollution? Explain with diagram. d. Modern economists suggest 2 solutions to the pollution problem above. Explain how a pollution tax (use diagram) and an emission permit trading scheme can both "so..
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