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A surplus exists in a market if
a) there is an excess demand for the good
b) quantity demanded exceeded quantity supplied
c) the current price is above its equilibrium price
d) all of the above are correct
Suppose further that the MCP is 0,8 if the government wants to increase the real GDP to 2000 billions, by how much should the government increase /decrease its lump-sum taxes? Assume the price level is fixed.
Many professional sports athletes have incentive clauses in their contracts. These indicate tha: a) the team owner has asymmetric information b) the athlete might engage in moral hazard, which the team owner wishes to avoid. c)the athlete might engag..
A sample that does not over represent any portion of the population also whose responses can therefore be safely generalized
Write a report named Tax Planning Considerations for Employees. The report will involve tax planning issues related to the organization’s employees. USco designs and manufactures specialized equipment used in various manufacturing applications.
"As manager of a local hotel chain, you have hired an econometrician to estimate the demand for one of your hotels (H). The estimation has resulted in the following demand function"
Why does the assumption of independence of risks matter in the examples of insurance.
What is the level of the M1 stock of money? Suppose the public’s holding of currency increases to $100 while, at the same time, the level of deposits remain constant at $200. What is the value of the new money multiplier (m’)?
Elucidate fully why the monopolist will never choose to operate where the demand curve is inelastic.
Alex took clothes to the cleaners three times last month. First, he brought 4 shirts and 1 pair of slacks and paid $14.45. Then he brought 6 shirts, 4 pairs of slacks, and 1 sports coat and paid $40.39. Finally, he brought 3 shirts and 1 sports coat ..
who are well-known to be boring, stuffy types; what could be a better way to reinforce one's credentials as a radical, innovative thinker than to skewer their most beloved doctrine.
Describe and discuss your price elasticities for such products and discuss the movement of your demand for such a good when the price of that good rises. Share with your classmates whether your demand for the selected good is elastic, unit elastic, o..
Within which sections of the production function is marginal product increasing. Explicate the link between scarcity, choice and opportunity cost
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