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Explain the difference between a movement along a supply curve predicted by the Law of Supply and a shift of the whole supply curve or short termed as a shift or change of supply. List at least two factors that would change the supply and explain whether it will increase or decrease the supply.
Explain how do we measure income inequality. What problems arise the more unequal a country's income distribution becomes.
Assuming Mr. Delaney decides to keep the body shop, and the consultant reports that it is feasible to raise prices, should Mr. Delaney do so. If he does, illustrate what general guide can you suggest as to how much price should be increased.
The steel industry has been lobbying for high taxes on imported steel. Russia, Brazil also Japan have been producing also selling steel on world markets
Suppose the Fed decided to purchase $50 billion worth of government securities in the open market. What impact would this action have on the economy? Specifically, answer the following questions:
The manager of a large automobile dealership who wants to learn more about the effectiveness of various discounts offered to customers over the past 14 months
Recent survey of high school students, it was found that the average amount of money spent on entertainment each week. Values are representative of all high school students.
Describe the nature oft eh incentive conflict between VCs and the managers, identifying the principal and the agent.
If a contractor decides to deviate from this agreement, what would the optimal deviation be?b. Suppose that M = 10 and C = 1. For which values of "delta" is this a subgame perfect equilibrium of the infinitely repeated game?
Estimate and explain how the electrical monopolist would determine its profit-maximizing price and output level.
Without using the midpoint formula, can you tell whether demand is elastic, inelastic, or unit-elastic over this price range.
Calculate the new cost earned by sellers, the cost paid by clients, as well as the equilibrium quantity sold in the market.
Merit goods have received considerable attention. Can concerts and other publicly provided services be rationalized using these ideas.
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