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Question 1: Laurel's individual demand for Harry Potter books is given by Ql = 50 - 2P . There are N consumers in the market for Harry Potter books in
Question 2: Now consider the market for Harry Potter books in Privet Drive where there are two types of consumers. The first type love Harry Potter books and have an inverse demand curve of P = 10 - 0.5Q. The second type are fanatics and have an inverse demand curve of P = 30 - Q. There are only 2 consumers in the Privet Drive, one of them loves Harry Potter and one of them is a Harry Potter fanatic.
given the following production function y k14 l34 find the following a. per worker production function. b.
Elucidate the difference among the consumption of a free good and a good that is not free.
In which direction would international investment flow in response to these real interest rates. Illustrate what impact would these investment flows have on the dollar exchange value.
The apple tree produces 100 apples each year and the cow gives 160 gallons of milk. Suppose that Emma can freely buy and sell apples and milk in the market at a price of $1 perapple and $2 for a gallon of milk. That is, she can sell some of her ap..
Is the number of people higher or lower than it was last year? Ten years ago? Why?
Based on the analysis of the data, share your thoughts on what caused the financial crisis and whether the United States is going in the right or wrong direction with its current policies.
Utilizing the expectations hypothesis and the Taylor rule provide an interpretation of this comment in the article.
what level of output should be produced in each market and what price will prevail in each market? What are total profits in this situation? How would your answer change it it only cost demanders $5 to mail books between the two markets? What would..
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..
Assume the United State economy begins in long run equilibrium. Concerns about global climate change cause government to significantly restrict production of electricity form fossil fuels.
Elucidate the excess of cost over the marginal price at the profit maximizing price-quantity combination?
Should the United States pass a minimum wage that assures all workers earn a wage above the poverty level? Defend your position using economic principles
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