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Suppose that in Japan, without a tariff 10,000 cars will be sold per year at an equilibrium price of $20,000. With a $5,000 tariff, supply decreases such that 8,000 cars are produced at $22,500 per car.
The government often strictly regulates noise and chemical pollution by industry to overcome which market failure?
Broadband technology refers to ___________.
Suppose the Corn producers throughout the Midwestern states experience unusually poor weather and so produce a smaller than normal harvest. Explain using a diagram how this harvest will affect Canadian Corn farmers?
Choose a product of your interest, identify the product with a market (Perfect Competition, Monopoly, Oligopoly and Monopolistic Competition), their role in the market, their future in the competitive world, any suggestions you have for this produ..
Why could you say that supply-side economics is really more about after-tax wages and after-tax returns on investment than is about tax rates?
Discuss the advantages and disadvantages of using GDP as a macroeconomic indicator. Identity and explain the rationales behind alternative measures of the wellbeing of the society.
We can use the Cournot model to derive an equilibrum industry structure. For this purpose, we will define an equilibrum as that structure in which no firm has an incentive to leave or enter the industry. If a firm leaves the industr. Find the long-ru..
What is the -maximing combination of labor and capital the firm should use? What is the resulting level of output? What is the economic profit? Is this the least costly way of of producing the profit-maximizing output?
Assume you notice that more also more people are driving gas-guzzling cars.
Suppose that there are 150 houses in the community with 2,000 square feet (providing services that rent for $10,000 per year). The interest rate is 4% and with proper maintenance all of the houses will last forever. In an election the population deci..
A major electronics manufacturer expects to generate additional revenue from its recently won government contract. The company forecasts that the revenue will be $190 million in the first year, but will decline by $2 million every year for the next 3..
q.equilibration is the process of moving between two equilibrium points as a result of some change in supply or demand.
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