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An outcome that can result from either a price ceiling or a price floor is:
a. an enhancement of efficiency.
b. undesirable rationing mechanisms.
c. a surplus.
d. a shortage.
Find out the market equilibrium price and quantity. Compute the profit of a firm at the point of equilibrium. Is this longrun equilibrium.
Growth rates of per capita GDP: Compute the average annual growth rate of per capita GDP in the each of the cases below. The levels are provided for 1980 and 2010, measured in constant 2005 dollars.
By what percentage would GDP be boosted if the value of the services of stay-at-home spouses were included in GDP
How should labour be allocated between x and y to satisfy the demands calculated in part.
At 6% interest, how much money is required in the trust fund to provide for the laboratory and equipment and its perpetual operation and equipment replacement?
For the United States, empirical studies indicate that over the past two decades the cost of international transportation relative to the value of U.S. imports has: Should international transportation costs decrease, the effect on international trade..
q.you are watching national news broadcast with your parents. the news anchor clarifies that the exchange rate for the
Suppose the employees of Starbucks in China are paid 8 Yuan per hour and a cup of coffee is priced at 8 Yuan. If Starbucks is maximising its profit, a what is the value of marginal product of labour (VMPL) per hour of the last worker employed by Star..
Describe graphically why someone guaranteed an annual salary might choose to work fewer hours than someone who could earn that same amount through hourly pay.
If the Fed wants to leave the US money supply unchanged by the foreign exchange market intervention, how will they conduct a sterilized intervention?
Which of the following is an example of a local monopoly as compared to a national or international monopoly?
When a computer firm is producing a level of output at which MC is greater than price, from society's standpoint the firm is producing too
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