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Discuss how each of the following will affect the price and quantity of equilibrium. To determine the new values, discuss how the supply and/or demand curves will shift in the following cases (if at all).
a. Income diminishes and the good is a normal good.
b. Minimum wage increases
Derive the FOC and SOC conditions of profit maximization for this firm. Show that SOC is satisfied (impose necessary conditions). Which plant will have a greater increase in output? Please explain why.
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Calculate the elasticity of demand and elasticity of supply at each price change in the market for financial calculators
For each of the following transactions, identify whether or not it would be included in GDP: What is Metrica's GNP? Is it higher or lower than its GDP?
Stock registers an unexpected price decrease, Evaluate the value of your delta-hedged portfolio.
Choose any one topic out of the following , • Water , • Energy , • Agriculture , • Forest
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Define the term Consumer surplus, Gien good and Income elasticity of demand using graph and equation.
Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..
Show the country's production possibility curve.
Question about micro economics- Sam Smith owns an internet radio company that has subscribers in Houston and Dallas
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