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Demand: P=30-2Q
Supply: P=4Q
Equilibrium Price____
Equilibrium Quantity______
Own Price Elasticity of demand Equlilbrium______
Consumer surplus________
Producer surplus__________
Same market after $6 sales Tax
What is the new price that consumer see?________
What is the price that suppliers receive?__________
What is the new quantity sold/produced__________
Consumer surplus_________
Producer surplus_______
Government revenue____________
Dead weight loss after tax is imposed__________
q.a firm is using 30 units of labor and 20 units of capital to produce 4000 units of output. at this combination the
Dogs kept in a backyard and are barking constantantly are notorious in most city neighborhoods. Do these dogs pose a negative or positive externality? What (if anything) should the city do about these externalities?
it can sell its output for $25 each. Illustrate what is break-Explain how your work both graphically and algebraically.
suppose that the economy is currently in a recession. If policy-makers take no action, explain how will the economy evolve over time. Explain in words and using an aggregate-demand/ aggregate-supply diagram.
Mytown uses an interest rate of 6%. What is the EAC for Mytown's policy? What is the EAC for the optimal policy? What is the optimal policy?
Illustrate what might account for these trends. Compute currency in circulation as a percentage of M2.
Describe if the demand for the following products is price elastic or price inelastic, and explain your answer.
Explain what the GDP cost index is and what is its role in differentiating nominal GDP and real GDP.
take a country named konowland that has an electoral college system. suppose there are nine small states in konowland
In 2002 business week listed apple Calculator as having one of the worst board of directors: founder Steve jobs owns just 2 shares in the company.
q1. consider a firm as we did in the notes that maximizes it profits by selecting how many workers and how much capital
Given a sample of observations on yt and xt what is the most efficient estimator of mu? Is this estimator unbiased? What is its variance? What is the OLS estimator of mu?
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