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Question 1: Choose a current business article from October or November 2014 (any country) that illustrates the market forces of demand and supply for a certain good or service i.e. find a business article that illustrates a change (shift) in demand or supply. Make sure your chosen article is about a market not one company. Explain the change in the market and relate the article back to the demand and supply model and the theory that you have learnt in class (i.e. chapter 3 and 4). Draw the demand and supply model to illustrate your answer. Make sure that your written answer and market model clearly include the shift, effect on market price and quantity and the shortage or surplus created by the change. Each student should make an appointment to see Brent or myself to make sure that their demand and supply model and shift are correct, we will be available to discuss your demand and supply model. Question 2: Choose a current business article from October or November 2014 (any country) that illustrates market failure (lack of competition or negative externality). Make sure your chosen article is about a market not one company. Explain the cause of the market failure and relate the article back to the demand and supply model and the theory that you have learnt in class. Draw the demand and supply model to illustrate your answer. Make sure that your written answer and market model clearly include the shift, effect on market price, quantity and the shortage or surplus created by the change.
Suppose also that her utility function is given by the equation u(M, P) = 2M + P. What combination of meat and potatoes should she buy to maximize her utility? (Hint: Meat and potatoes are perfect substitutes.)
suppose the yield to maturity on a 2 year treasury note was 4 while the yield on a 1 year note was 5. assume that
How do particles move in an ocean wave? How is that movement similar to or different from the movement of particles in a wave in a spring or a rope? How does this relate to a stadium wave - a waveform made by sports f..
The cost for loss of heat from the pipe per meter is $4.8/X1/2 per year. Here, X represents the thickness of insulation in meters, and X is a continuous design variable.
During the course of a year, the labor force consists of the same 1,000 people. eot to hire 20 of these people in the face of government regulations making it too costly to employ them. what is the frictional unemployment rate?
What incentives are created under a first come, first served allocation mechanism - The market system may not be efficient because people want more of the product.
How is the original neoclassical assumption model for the labour market set up? How do you get the iso profit curve?
Graph an increase in demand when supply is elastic and show the change in eq. P and Q. Graph a similar increase in demand when supply is inelastic and show the change in eq. P and Q. Compare the results. Graph a market with a tax where firms pay th..
Ralph gets his paycheck from Shakes n’ Burgers Restaurant, his employer, and attempts to deposit it in his account at Town Bank. Uri, the bank’s teller, notices that on the check the amount stated in words is different from the amount stated in nume..
a social entrepreneur is a leader or visionary who is driven to achieve social change. social entrepreneurs provide
suppose a society contains two individuals. joe who smokes and tanya who does not. they each have the same utility
Two heavy equipment manufacturers might collude in an effort to do all of the following except one.
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