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Q1. In the absence of a price floor, the maximum price that a few of the consumers are willing to pay is $0.20 for a pound of cheese whereas the market equilibrium price is $0.13/ pound. The graph also shows that the minimum price at which a few of the producers are willing to sell is $0.06 / pound. In nonattendance of a price floor, how much consumer surplus is created?
Q2. In 2000 US Presidential challenge, Al Gore was recommended by his strategists to wait for George W. Bush to announce his vice-presidential running mate ahead of making his own decision on a running mate. Under what situation would Gore be better off giving Bush a head start on putting mutually his presidential ticket? What type of strategic situation is this?
Show how each of the following would initially affect a bank's assets and liabilities.
How do the GDP per capita change after accounting for price indices. Why is it important to use price index adjustments.
Explain and show graphically the effect on the supply and demand for Bonds in a deflationary period. What is the effect on interest rates and the quantity of bonds.
the industry that this claim were untrue, what critical questions could you ask about the HHI used for the study
Brenda Johnson has used a preprinted form that she got from the internet to create her will.
How much will computers sales change by if the company increases computer price by $100 from $1,000 to $1,100.
Does the law of diminishing marginal returns apply to this firm's production process. If so, explain why and find the quantity of labor at which diminishing marginal returns.
Compare the rationale of the Reagan administration for the 1981 tax reductions with the rationale behind the Kennedy-Johnson tax cut of 1964
A residential rental property is acquired during the first month of the taxable year, at a total cost (including transaction costs) of $1,200,000.
Given a binomial random variable with n = 60 and p = 0.36 find the probability of obtaining between 25 and 35 successes inclusive, to three decimal places.
The quantity demanded of the resource in each year is given by the equation Qt = 10 - Pt . The marginal cost of extraction is zero.
Explain how the MAS have successfully used exchange rate policy to achieve price stability for the last two decades.
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