Suppose a product sold in a competitive market is subject to a government price control. Suppose the regulated price is less than the free market equilibrium price. By using the Concepts of consumer and producer surplus, show that decontrol of the price may make consumers worse off but will nevertheless improve society's economic welfare.

Historical grade distribution : Dr Johnson wants to know if there is sufficient evidence to conclude that the grade distribution of his class is different than the historical grade distribution. |

Evaluation of shares by discounting cash flows technique : Evaluation of shares by discounting cash flows technique and the Hart Mountain Company is expected to experience an unusually high growth rate |

For binomial distribution among given values : For binomial distribution among given values for n as well as p state whereas or not it is suitable to use normal distribution as an approximation. |

Xpath and xslt transformation : Explain the context in XPath. Explain at least three things you will require to perform an XSLT transformation. |

Descriptive analysis of how decontrol of price : Suppose a product sold in a competitive market is subject to a government price control. Suppose the regulated price is less than the free market equilibrium price. |

Show the lewis structures : Draw Lewis dot structure and predict molecular geometry - Show the Lewis structures of the following molecules and then predict their geometry. |

Mean of sample according to central limit theorem : If all samples of size 64 are drawn, mean of sample according to Central Limit Theorem is 100. |

Find the expression : Find the expression. |

Calculation of firms cost function : What is the firm's cost function when the cost of pollution certificates is included? What is the firm's marginal cost function when the cost of pollution certificates is included? Derive the firm's supply function. |

## Calculation of tradable pollution permitsAssume that there are two power generating plants that emit SO 2 (sulphur dioxide). In the absence of regulation they each emit 10 tons of pollution per month. |

## Benefits of decentralization of manufacturing firmGlobal Widgets Corp is a manufacturing company that builds standardized galvanized metal benches for sports arenas and stadiums-Do you think one of these firms would be more likely to benefit from a de-centralized decision making organizational arc.. |

## Draw the budget constraint and utility functionWrite down his budget constraint and a utility function that captures his preferences. Draw his budget constraint and three of his indifference curves. |

## Expansion for solow growth modelAccording to the Solow growth model, a country that increases its rate of capital investment can overcome diminishing marginal returns to capital and achieve sustained high growth over time. |

## Macro variables in a closed economyWhat is the equilibrium level of income? Compute disposable income, consumption and aggregate demand. |

## Categorising the utility functionsRachel utility function is given by U= I 1/2 , where I represents annual income in thousands of dollars. Assume Rachel is currently earning income of $23,000 (I =23) and can earn that income next year with certainty. |

## Determination of shut down pointProvide a report to management of the firm as to whether or not it should continue to operate at a loss? |

## Examining the impact of imposing tariffAssume that Congress is considering imposing the 30% tariff on imported automobiles. Who would be the gainers and who would be the losers from such move? |

## Oligopoly market structure with stackelberg modelYou are the manager of a firm in a new industry. You have gotten the jump on the only other producer in the market. |

## Inelastic demand and elastic demandWhat happens to the equilibrium price and quantity in each market? Which product experiences a larger change in quantity? Which product experiences a larger change in price? |

## Classifying utility functions as risk averseClassify the following utility functions as risk averse, risk neutral or risk seeking and draw the relevant diagrams |

## Effect of change in tastes on equilibrium levelSuppose that American households change their tastes such that they want to save more at every level of income. |

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