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1. Governments in Australia are concerned about the high level of house prices?
Using ideas of consumer and producer surplus analyse this claim. Is there a case for price controls on housing?
If house prices reflect the discounted value of rents plus capital gains discuss tax policies that will reduce house prices. What supply-side solutions might be advanced?
1. in the kingdom of spamalot only a few people eat spam. you own the patent on spam production and enjoy exclusive
There is an inherent tendency in industry to substitute labor with fixed capital and employers can compel workers to produce more than the value of their labor.
The idea that individuals who work for companies should receive at least an equitable hourly income is known as
Demand and supply functions of tomato are listed below, The maximum value of tomatoes that manufacturer will offer for sale if the price of tomatoes is $ 0.30
Compare and contrast your local utility company with a local farmer (corn, soy bean, cotton, etc.). Why does your utility company always operate with price is greater than marginal cost whereby the farmer attempts to produce where price equals mar..
Managerial decisions are affected primarily by microeconomic forces. By and large, managerial decisions are not affected by either microeconomic or macroeconomic forces.
for parts a through d of this problem determine whether supply or demand will change only one will change in each case.
An economy is in long-run macroeconomic equilibrium when each of the following aggregate demand shocks occurs. What kind of gap-inflationary or recessionary-will the economy face after the shock, and what type of fiscal policies would help move the e..
The new Millennium Dome Company (NMDC) must choose the entry fee for a new sports arena. Suppose an expensive consultancy firm has estimated the demand schedule to be as follows:
What is the price of money? Hint: interest rates. How are interest rates determined?
Make sure to label the axis of the graph. Now, add two more production functions based on the following scenarios. a. Efficient institutions are adopted in a country. Label this production function F2. b. A new technology is adopted allowing great..
Assume each worker is paid $10 per hour and works a 40-hours week. How many workers should the firm hire if the price of the output is $ 10? Suppose the price of the output falls to $7.50.What do you think would be the short-run impact on the firm..
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