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Suppose that the demand curve for cantaloupes is P=120-3QD, where P is the Price per pound (in cents) of a cantaloupe and QD is the quantity demanded per week. Suppose that the supply curve for cantaloupes is P=5QS, where QS is the quantity supplied per week in pounds. (a) Set up a diagram that shows the supply and demand curve. (b) Calculate the equilibrium price and quantity. (c) Explain what would happen to the quantity bought and sold in this market if the government were to make it illegal for sellers to charge more than 50¢ per pound for cantaloupes.
Using the library or the Internet, find some recent projections for the future path of the U.S. govt. debt as a percentage of GDP. What assumptions are made about (i) govt. spending, (ii) taxes, and (iii) economic growth?
Illustrate what is your opinion, observation, or recommendation on this company. what are their shortfalls, how do they relate to other in the industry.
Discuss the information-gathering techniques and design methods you would propose to use for the project.
A certain equipment cost £9,500,000. It is depreciated by the equal installment method. After 3 years, its book value is £5,600,000.
a) Calculate the price paid by the bank for the note. (Do not round intermediate calculations. Round your answer to 2 decimal places.) b) What simple interest rate did the original owner of the note actually earn? (Do not round intermediate calcu..
In 1982 to 1984 the base period used for the customer price index, the average earnings of construction workers were $442.74 a week.
List the federal government's three most important sources of tax revenue. How do these differ from your state government's three most important sources of tax revenue Why do you think that these different government entities use different tax bas..
Give examples of competition of firms in Oligopoly and Monopolistic Competition, from the real world. In which market will one firm's probable decision affects the other firm's decision? Try to think of situations of of how they would compete in t..
Other things constant, how will an unanticipated increase in oil prices influence the general level of prices and real output of oil-importing nations such as the United States and Japan?
Is there a significant difference in quality and acess between for-profit and not-for-profit hospitals? What is the empirical evidence? (Clearly distinguish between private not-for-profit hospitals ad public hospitals).
Two years ago, Rone issued a $25 million (U.S.$), five-year floating rate note (FRN). The FRN pays an annual coupon equal to one-year LIBOR plus 75 basis points. The FRN is non-callable and will be repaid at par at maturity.
The labor market is traditionally protected by union in many industries such as automobile and K-12 education (public schools) What are the pros and cons of unionizing a workforce What about minimum wage rate What are the pros and cons
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