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Let’s say the current administration decides to make a college education more affordable, so they establish a price ceiling of $50 per credit hour for community colleges, $75 per credit hour for four year institutions, and $100 per credit hour for graduate classes. What is a price ceiling and what effect does it have on the market? List and explain several positive and or negative consequences of this action. What would happen to producer and consumer surplus?
Why does government support patent process and why does government not encourages monopoly behaviour.
Southwestern Moving and Storage (SMS) buy a large-capacity trailer truck for $115,000 to provide short-haul earth moving services. SMS is planning selling the truck in seven years for a price of $45,000. Construct the cash flow diagram. Calculate the..
When a company's depreciation is larger than its gross investment, net investment becomes negative and the firm's capital stock decreases.
In what ways do you think the behavior of a doctor in Great Britain working for a government owned hospital would differ from comparable doctors in a not-for-profit hospital in the US?
q.1. find the sample correlation coefficient between x and y.2. how would you decide if a simple linear regression
Explain the effects of each of each of the following factors on the economy’s price level and real GDP. Illustrate your explanations with appropriate diagrams.
A consumer's reservation price is the price at which a:
What market structure is Apple in? What are the characteristics of this market? Who is the competition? What are the barriers? How concentrated is this market?
Consider the five dimensions of service quality: tangibles, reliability, responsiveness, assurance, and empathy. Identify a recent service encounter you have experienced as a customer (either B2C or B2B) that you would classify as a generally bad exp..
Provide examples of three types of product differentiation that could help make a firm in a particular industry more competitive. Provide an example of an industry where product development and product differentiation is an important type of competit..
If the world’s poor nations began to nationalize all outside investments (such as oil companies) thereby appropriating/stealing the investment from foreign companies, what would happen to the investment demand function in those countries? How would t..
The initial installed cost for a new piece of equipment is $10,000. After the equipment has been in use for 4 years, it is sold for $7,000. The company that originally owned the equipment employs a straight-line method for determining depreciation co..
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