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Explain why equilibrium of supply and demand is desirable and discuss how externalities may prevent market equilibrium and the various governments policies used to remedy the inefficiencies in markets caused by externalities.
Consider a free market with demand equal to Q = 1,200 - 10P and supply equal to Q = 20P. What is the value of consumer surplus? What is the value of producer surplus?
Address the role of social architect in the 21st century, characteristics, and perspective of the leader as you have come to understand them from the class reading and ideas. What are the major differences between the two visions and therefore the..
Money Market Prices The rate on a particular money market instrument, quoted on a discount basis, is 5 percent. The instrument has a face value of $100,000 and will mature in 40 days. What is its price?Money Market Prices The rate on a particular mon..
Which of the following is now true of his opportunity costs and there is no change in the opportunity costs. B. The opportunity cost of leisure has increased.
1. increases in resources or improvements in technology will tend to cause a societys production possibilities curve to
Since inventories are not a large component of GDP, how can they affect GDP so sharply explain how will the replenishment cycle affect GDP in the near future?
Explain the two types of capital expenditure giving relevant example in each case.
Most wild Asian tigers are the common property of the humans and governments that control the lands they inhabit. Why does this pose a significant problem for maintaining the wild tiger population in the future.
What do you know about focused Linux distributions? If nothing, what can you find out by searching the Web? By "focused" we mean distributions that exist primarily for a specific purpose or set of tasks (e.g. security, penetration testing, backup,..
What is the opportunity cost of a company who spends $1million dollars to build a new branch plant that will probably be in operations for the next 10 years?
How do you calculate the stimulus it takes to get unemployment levels back to normal?
Explain how does classical economics elucidate its confidence in the ability of natural forces to return the economy to its potential level of real GDP?
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