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Suppose there were no property rights with regards to automobiles, assuming that it is illegal to interfere in any way with a person's use of any automobile , what is going to happen in the long run if this is the case?
Are there environmental aspects to the use of toll roads versus free roads?
Discuss the relationship in the price and quantity demanded in question four on a graph. Is the relationship direct or inverse?
use the following cost index data for each piece of equipmentto update the price that would be paid today original equipment cost indexwhen originallpurchased cost index today varnishbath ..
evaluate Eskom's product in terms of the following factors which determines the price elasticity of demand
Did this intervention "correct" the existing market demand?
Given the government policy, how much will be sold on the private market, that is, how much will consumers buy without government purchases How much sugar will government purchase. Suppose the government gives a guaranteed minimum price for sugar o..
The lining of an outdoor inground pool needs to be replaced every five years at a cost of $2,500. There is a new type of lining available that would last for 10 years, but costs $6,500. The pool needs new lining now.
The Republic of Republic produces two goods/services, fish (F) and chips (C). In 2006, the 200 units of F produced sold for $3 per unit and the 500 units of C produced sold for $1 per unit. In 2007, the 300 units of F produced sold for $4 per unit..
Over the past year Sonya bought $10,000 worth of cards. She sold these cards for $58,000. Sonya rents a shop for $5,000 a year and spends $1,000 in utilities. Sonya owns a cash register which she bought for $2,000 with savings. Her bank pays 3% a ..
When maximizing profit, how much profit will she make?
Compute the supplier surplus at this equilibrium.
Arrow now sells 100,000 silk shirts at $100 each. The material per shirt costs $40 and labor costs are $50 per shirt. The firm has $1.2m. in fixed costs. Price elasticity of demand for such shirts is -4. The firm is considering lowering the price ..
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