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Question: There's a gas shortage in Gasland. You're presented with two proposals that will achieve the same level of reduction in the use of gas. Proposal A would force everybody to reduce their gas consumption by 5 percent. Proposal B would impose a 50-cent tax on the consumption of a gallon of gas, wich would also achieve a 5 percent reduction. Consumer of gas can divided into two groups-one group whose demand is elastic and another group whose demand is inelastic.
an analyst for foodmax estimates that the demand for its brand x potato chips is given bylnqxd 12.14 - 2.8ln px 3.4py
A normal good is being produced in a constant-cost, perfectly competitive industry. Initially, each firm is in long-run equilibrium. Briefly explain the short-run adjustments for the market and the firm to a decrease in consumer incomes.
Show graphically what happens in the short-run and in the long-run. Be sure to label your graph correctly for full credit. Write the graph clearly and neatly. If you want to, describe what happens too.
Obtain the market clearing price and quantity. Under the assumption of profit and maximization , how much output should the representative firm produce?
Choose four economic indicators (all separate from any others) as presented for the last three to six months. Explain the indicator analysis but also an aggregate description of what the current economic situation is actually doing-is it getting bet..
Using the hypothetical economy data in the table below, calculate the aggregate demand and supply, as well as its price level.
How does the challenge of civilian conflicts affect overall economic development in Nigeria or Georgia? What kind of conflict(s) impact most negatively prospect for poverty alleviation? Is lack of development a major cause of conflicts? 150 words ..
4 short but fascinating videos on President Andrew Jackson, as well as various U.S. founding fathers, on fearing the actions and corruptions of big bankers!!! How does this illustrate "Moral Hazard" and Sound familiar to today
Explain how relevant to the real world do you believe this result is in the "contestable markets" view of the competitive process.
Describe the Soviet Rapid Development Model
Important information about Regression anaylsis. Compute the equilibrium price and quantity.
An rise in a firms expected growth rate would normally cause the firms required rate of return. which of the following statements is most correct.
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