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Explain the three basic economic questions along with an analysis of the centralized command and control system, the price system, and the mixed economic system
instructions- late submissions will not be accepted. you are welcome to submit early.- maximum words per question 650-
What market structure will Katrina's Candies operate if the above condition prevails?
Under adaptive expectations, the short-term effect of an unanticipated shift to a more expansionary macroeconomic policy will be a:
1. if a firm purchases a part of its supplies on the open market this is called a a spot market purchaseb a long term
The owner of a fast-food restaurant estimates that she can produce and sell 1,000 additional hamburgers per day by renting more automated equipment at a cost of $100 per day.
(a) What is the market clearing Bertrand price and quantity?
The supply and demand for Mandarin-English translators
pollution is considered by most a negative externality. some economists would like to see the costs of these burdens
Assuming the revenue from a congestion tax is not redistributed to city residents, what effect would a congestion tax have on the residential bid rent curve? If the government reduced other taxes after instituting a congestion tax, how would the resu..
The atmospheric pressure of 100k Pa acts on the other side of the piston. The gas is heated until the volume is doubled and the final pressure is 500 kPa. Calculate the work done by the gas.
complete all questions listed below. clearly label your answers.1. what impact will an unanticipated increase in
1. in john stossels article in praise of price gouging stossel argues that a law banning price gouging would result in
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