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Give an explanation, in your opinion, of the cultural impact of government mandated price ceilings such a rent control in New York City. Such things as supply of housing, redistribution of resources, shortages, market distortion and incentives should be covered.
If aggregate demand grows more rapidly than aggregate supply, prices
ALS ( labor hrs per unit to produce sausage) = 1 hr per pound. Find hourly wage rate of Home's economy.
The Clean Air Act of 1972 required some companies to install the "best available" pollution control technologies.
You are in a class with one other student. It is the end of the semester and final exams are in one week. Your teacher has said the final exam will be graded so that anyone who scores the class average on the final exam will receive a B in the class.
Explain what do you think McDonald's new launch will have a sustainable impact on its bottom line.
The company’s MARR is 24% per year, compounded monthly. What is the maximum price Shockers Company should bid for PGP?
What are some of the situations that can give rise to monopolies? Research the industrial revolution and the Robber Barons (such as Carnegie and Rockefeller), of that era and comment on how they were able to create their monopolies. How are we able t..
The owner of small firm believes the production function is given by: How many people should he employ to maximize profit? What will be the firm’s hourly profit?
If U.S. spent on $100 on consumption, $500 on investment, $200 on importing goods or services from foreign countries and $600 on government spending in 2015. Then how much U.S. should have spent on exporting domestic goods or services to foreign coun..
The accompanying table shows a car manufacturer’s total cost of producing cars. Quantity of cars Total Cost 0 $500,000 1 $540,000 2 $560,000 3 $570,000 4 $590,000 5 $620,000 6 $660,000 7 $720,000 8 $800,000 9 $920,000 10 $1,100,000. calculate this ma..
Explain briefly how a change to the following MS, MD, or P (ceteris paribus) would shift the LM function to the right. Include in your discussion whether the variable would have to increase or decrease to cause the rightward LM shift. Discuss which o..
As the saying goes, "the only sure things in life are death and taxes." This saying points out the result that everything having to do with taxes is an automatic fiscal policy.
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