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Beetle infestation decimates tobacco crop. Market: cigars. which curve (s) shifted, explain why it shifted (factor), in which direction (right or left), and what is the resulting equilibrium price and quantity in comparison to the beginning price and quantity.
Why might someone with only $1,000 to invest in the stock market be better advised to put that money into a mutual fund that holds stocks rather than buying stocks directly?
A and B are painters and have the exact same cost structures except that A paints in a house he owns but that he could rent out for $4,000/year, while B paints in a house that he rents from Ithaca Realty for $4,000/year. Assume that the painting busi..
What is endogenous growth? How do endogenous growth models differ from the neoclassical models of growth? How do the implications of an increase in saving with regard to both the level and the growth rate of output differ between the neoclassical gro..
Life Cycle Cost Analysis (LCCA) does not include "User benefits resulting from project" or "Externalities resulting from project". Unlike analysis based on net annual worth, net present worth analysis does NOT require equal analysis periods for diffe..
If the price increases by 10 percent, by how much does the quantity of household (a) natural gas and (b) electricity change in the short run and in the long run?
If a perfectly competitive firm is a price taker, then
In a city, the Taxi industry is regulated by the Government Taxi Authority. A company can only supply taxi services, if it is issued a licence by the Government taxi Authority. Explain why the Government Taxi Authority has an incentive to only issue ..
What is the probable effect of each of the following on the exchange rate of a country, other things being equal? The quantity of oil imports is greatly decreased, but the value of imported oil is higher due to price increases. The central bank raise..
Also the economy has G = $1100, I = $404, and XN = $15. Unemployment in the economy is currently 5.2% and inflation is 0.1%
Suppose you are the owner-operator of a gas station in a small town. Over the past 20 years, you and your rival have successfully kept prices at a very high level. You recently learned that your rival is retiring and closing his station in two weeks...
What effect, if any, would each of the following have on the short-run average (ATC, AFC, AVC) and marginal costs of an auto dealership:
Which of the following are reasons to expect that in a perfectly competitive market economy with no government intervention in the market for education there is an externality associated with education that makes people get socially inefficient amoun..
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