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Suppose that the government places a ceiling on the price of a medical drug below the equilibrium price. a. Show why there is a shortage of the medical drug at the new ceiling price.
b. Suppose that black market for the medical drugs arises,with pharmaceutical firms secretly selling the drug at higher prices.
Illustrate the black market for this medical drug,including the implict supply schedule, the ceiling price,the black market supply and demand, and the highest feasible black market place.
write a three to four 3-4 page paper in which you1.discuss the current economic situation in the u.s. as compared to
Suppose you are analyzing market for minivans. What will be the impact on the equilibrium price and quantity of each of the following events on the minivan market?
a company has two million shares outstanding. it paid a dividend of 2 during the past year and expects that dividends
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assume that the government imposed a price ceiling on gasoline in order to prevent prices from getting too high. what
what are the expressions for AC's total revenue ,marginal revenue, total cost and marginal cost as a function of output? what is AC's fixed cost and what is the variable cost?
Explain how shortages/surpluses are eliminated in a free market system. You can use graphs and specific examples in your analysis. Graphs don't count towards the word limit.
Determine the market structure in which the low-calorie frozen, microwavable food company operates - Analyze the major short run and long cost functions for the low-calorie, frozen microwaveable food company
Provide one example of a "monopolistic competitive" market. Explain (a) how the individual output and price are determined in that market in the short run using your example, and (b) how do you expect this equilibrium to evolve in the long run..
1 If a signal at 100 Hz is mixed with another signal at 10 KHz through a non-linear device, write down the frequency components at the output of non-linear device.
Canadian firms that buy machinery and equipment from US suppliers c.cross border shoppers from Canada who shop for goods in the US retired Canadians who live in Arizona and Florida during the winter months
What is the percent change in consumption since you were born? What is the percent change in real disposable income since you were born? Would it be correct to connect points A and B with a ruler and call it a consumption function? Why or Why no..
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