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Consider the market for DVD players. Let the market demand and supply curves be given as follows:
Demand: P = 90 - 2Q
Supply: P = 3Q
Assume the market demand curve for U.S. automobiles is P = 15000-50Q and the supply curve is P = 50Q, where P is the price of automobiles and Q is the quantity of automobiles.
Please label your graphs thoroughly otherwise points will be deducted and show all your work including calculations. Also, the assignment is due in class on Monday and late homework will not be accepted.
a betty has no savings but she can borrow at r .05. what is the maximum that betty would be willing to pay for an
Frank Gunter owns an apple orchard. He employs 40 apple pickers and pays them $7 per hour to pick apples, which he sells for $3.50 per box. If Frank is maximizing profits
.if individuals are free to produce whatever goods they want, then when excess profit is being made, more people will enter into the production of that good and consumers will benefit as the price is pushed down.
Suppose you own a car wash and that its total cost function is C = 20 + 2Q + .3Q^2 where C = total cost in dollars per hour and Q is the number of cars washsed per hour. You recieve 5 dollars for each car washed.
Have your students take a poll: Students should have survey five friends to get their responses to the question, "if the tax on beer were increased, would it result in you buying fewer cigarettes" 2) You have six hours to study for two exams tomo..
About two-thirds of funding for substance abuse treatment comes from taxpayers. Are there external benefits of substance abuse treatment that warrant this level of public funding? Why would insurance coverage tend to increase rational ignorance?
the role of governments in the economy is one of the most debated issues in economics. similarly one of the most
If Congress wants to use fiscal policy to prevent a recession, suggest whether they should cut taxes if there is a suspicion of a recession, cut taxes when there is confidence that a recession will happen
Moving from an economically inefficient to efficient allocation of resources will necessarily increase benefits by more than costs.
describe the short term effect in terms of the mix of production inputs and the overall level of output in detail of
as an economist for abc plastics your boss has asked you to respond to some questions she has regarding the companys
Suppose the government mandates that all companies over 50 employees must provide an increased level of health care benefits. explain what effect this will have on the aggregate supply curve.
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