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Are retail gasoline prices essentially equilibrium prices? Why or why not? In most markets, are prices typically at the equilibrium? Why or why not?
What might keep prices from moving to the equilibrium?
Suppose a closed economy, with fixed prices, represented by the following set of equations, Where, D is the aggregate demand, and C is consumption;
Should a country's income be distributed to its members based on their contributions to production of that total income or according to the member's requires?
An illegal cartel has been formed through 3-leading ready mix cement suppliers in the local market. Total costs at various levels of service a day are as follows:
A truck powered by a diesel engine working at a 100 percent load factor is operated at a mine. If fuel consumption for this truck is 0.3 l/kW
Graph the answer and shade or show if it has a feasible solution, is unbounded, has no solution, has multiple solutions or is redundant.
Draw a graph describing the demand and supply curves before and after the tax. describe graphically the tax revenue and how it is shared between the consumers and suppliers (producers) of gasoline.
Explain why do people who work at investment banks earn so much. What is the justification for capital requirements imposed by bank regulators.
As seen during financial crisis of the 1930s and in history, markets are globally interconnected. Aside from financial markets, different countries have different resources.
Consider the problem of the book assuming that the utility is Cobb-Douglas (U (C, l) = C α l β )
Demand for refrigerators is often explained as cyclical and very sensitive to refrigerator prices & interest rates. Given these characteristics, explain the effect of each of the following in terms of;
To best serve customers interested in buying cars over Internet, Smart Motors, hire Nora Jones to respond to customer inquiries.
Describe the two key tools of monetary policy, and explain how they would be used by the Bank of Canada to implement a contradictory monetary policy.
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