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The quantity q of grapefruits demanded at price p is given by q = 30-3p and the supply schedule by q = 6p. The government imposes a quantity tax at some rate t, which it collects from buyers. What is the smallest tax rate that will result in no grapefruits being bought or sold?
Assume a country has a life expectancy of 51.5, an adult literarcy rate of 62.6 percent, a combined gross enrollement ratio of 45 percent, and GDP per capita PPP of $853.
what do you mean by investment in human capital? use this concept to describea wage differentials and b long-run rise
youve recently learned that the company where you work is being sold for 380000. the companys income statement
What can shift the vertical (long-run) aggregate supply to the right? What can shift the vertical (long-run) aggregate supply to the left?
describe the short term effect in terms of the mix of production inputs and the overall level of output in detail of
Complete the table.
Describe in your own words how a perfect competitor maximizes its profit, and why its profit is zero in the long run?
A hotel owner, having heard that new hotels consider to open in area, says, We have too many hotels in this town already. Statistics show that vacancy rates average 20% on any given night.
you are the manager of a firm that has an exclusive license to produce your product. the inverse market demand curve is
leland manufacturing company anticipates a noncontact growth pattern for dividends. dividends at the end of year 1
for parts a through d of this problem determine whether supply or demand will change only one will change in each case.
Externalities are third party consequence of some other action. They can be positive or negative externalities and they impose a benefit or cost to a third party.
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