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Suppose that demand and supply for a certain product X in a competitive market are given byDx=100-2Px & Sx=10+Px
1) Calculate equilibrium quantity
2) Now suppose that the government imposes a tax on consumers of $1 per unit. Recalculate the prices for consumers and producers, and the quantity sold.
3) Show that a $1 per unit tax on suppliers instead if on consumers would lead to the same new equilibrium.
Choose a company whose stock is publicly traded on a United State stock exchange. What strategic changes has this company made over the last 18 months to respond to changing macroeconomic conditions?
Describe how the system converges to its new equilibrium. What happens to the equilibrium wage in the long run? What happens to the equilibrium population size in the long run?
What would be price and profit levels would prevail based on the assumption that a new entry into the local market results in competitive market pricing.
A proposal has been made to increase the price paid by the consumers to the suppliers to $40. What will the resulting quantities demanded and supplied and the resulting utilization be?
List several ways that people and businesses in the green movement are participating.
Semiconductor chips are used to store information in electronic products, such as personal computers. One of the early leaders in the production of these chips was Texas Instruments (TI).
The government budget is balanced, with government purchases and taxes both fixed at $1,000. Net exports are$100. Investment is $600. Find equilibrium GDP
How would you conclusion change for the winter months, if bad weather makes it likely for traffic jams on the highway to increase to 6 days per month?
buy the five-foot strip of land from their neighbor only if the price is less than illustrate what Moe and Larry have already spent on the foundation.
What, how and for who apply to the following the economic decision. Should the company makes its own spare parts or buy them from an outside vendor.
Illustrate what is the WTO. Briefly describe one trade topic identified by the WTO on the website. And, what did you learn from the Web site about the WTO.
Explain how is it possible which output rises while at the similar time employment is falling.
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