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If you could please explain and solve these it would be appreciated:
Q1: draw a supply and demand graph where the demand curve is more inelastic than the supply curve. Who would pay (carry the majority of the tax incidence) the majority of any tax created in this market.
Q2: draw a graph showing the long run equilibrium for perfect competition.
draw a graph showing a long run equilibrium for monopolistic competition.
Q4: if both markets (in Q2 and 3) had the same cost curve what can you conclude about cost of production, price and output?
Select a product you have purchased in the past month from a clothing or shoe store. Explain how each of the four factors contributed to the elasticity of the good.
Using Geert Hofstede dimension of culture. Describe a significant different between cultures that you have witnessed?
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Assume that every citizen of country X has the utility function of u(x, y) = 5x+4y. Say that x denotes cigarettes and y denotes alcohol. The government of country X receives revenue from alcohol and cigarrete purchases but wants to curb alcohol co..
6 aztec furnishings makes hand crafted furniture for sale in its retail stores. the furniture maker has recently
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You are a Custom Home Builder and was hit hard by the economic downfall of 2008 in the housing market. You have a 100-acre subdivision with $19,000 a month payments on a land and development loan of$1.8 million.
a) What is the real value of output (Q)? Now assume that the Fed increases the money supply by 10% and velocity remains unchanged. b) If the price level remains constant, how much will real output increase?
A,B, and C decide to act illegally as a cartel, to divide the market equally among the three of them, and to set the price and output that will maximize their total profits. What price and output do they set? What is the output level that each of ..
In a certain kingdom, the demand function for rye bread was q = 181 - 8p and the supply function was q = 13 + 6p, where p is the price in zlotys and q is loaves of bread.
Assume the market demand for a good is Q = 2500 - 20 P0.8- Find the profit maximizing level of output and price.
Draw a cash flow diagram for each option - Determine the total amount owed and income generated at the end of the four years
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