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a. Economists in the ministry of agriculture in Kwale County have estimated the following market model for fertilizer based on annual time series data on price and quantity in thousands. The government intends to reduce the market price by 20% per bag as requested by the farmers. Consequently, it will buy the excess output if any at the market equilibrium price. Alternatively a new plant costing 20 million with a life time of five years, producing 5million worth of fertilizer annually can be constructed. Assuming a 10% market rate of return, what should the county government do? Qd=36-1/3p Qs= -9+1/2p
Take a current environmental issue such as the Hurricane Katrina in New Orleans and examine it from the scientific, economics, and political perspective.
suppose you bought a ticket to a football game for 30 and that you place a 35 value on seeing the game. if you lose the
pecan pie demand. your friend helen b. carter has left school to open a bakery. she has done some market research and
Suppose both supply and demand decrease. What effect will this have on price and the government sets a price floor of $30 and agrees to purchase all surplus at $30 per unit
For simplicity, let's assume that every household has a marginal propensity to consume (MPC) of 0.75. If the government implements a fiscal policy involving its purchases of goods and services, by how much should government purchases
Is her assumption likely to be correct or incorret
Adjust the graph to show the effects of improvements in farm technology. Explain the processes underlying these effects. You may clarify your response with hypothetical prices and quantities.
The price elasticity of demand for health care has been estimated to be ?0.2. Characterize this demand as price elastic, unit price elastic, or price inelastic.
draw the cheese market for the united states showing the world price as the price for this market. how much cheese does
Please avoid plagiarism, and write your words based on other people's facts. To get full points for this post, you need to write at least three facts about the part of the Constitution, and the why you think those facts shape the modern business..
Social welfare functions embody a normative conception of the relative importance of equity and efficiency'. With the aid of diagrams, illustrate and explain this proposition.
Over the business cycle, real GDP tends to increase during the expansion and decrease during the contraction. Can you name some other macro variables that fluctuate over the business cycle like GDP does?
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