Suppose a city government decides that it wants to increase revenue by raising the price of parking tickets.

What government officials increase the price of parking ticket from $40 to $50; they are surprised that their revenue actually falls. What happened?

Mcq from economics : Which of the following is the best example of a monopolistic competitor? Firms in a monopolistically competitive industry produce: |

Compute the dealer''s expected carry income : Compute the dealer's expected carry income - Based on the above results, is it always good for the dealer when interest rates rise? How about when they fall? Please explain. |

Sample size for estimating the population mean : How large a sample should be taken if the desired margin of error E is: |

Determining property of standard normal distribution : Determine the special property of standard normal distribution, compared to other normal distributions? |

Elasticity and total revenue : What government officials increase the price of parking ticket from $40 to $50; they are surprised that their revenue actually falls. What happened? |

Evaluate the eoq and average inventory : Evaluate the EOQ, average inventory, orders per year, average daily demand, reorder point, annual ordering costs, and annual carrying costs |

Producer surplus and consumer surplus : Suppose that the domestic demand and supply for hats in a small open economy are given by-Where Q denotes quantity and P denotes price. |

Not-for profit analysis optimal patient level : Not-for Profit Analysis optimal patient level under different plans - Calculate these levels under plan A |

Sample size for estimating the population proportion : Suppose that past data are not available for developing a planning value for p; therefore, you will use p = 0.050 for the planning average. |

## Growth rate of real gdp and gdp per capitalAssume an economy's real GDP is $30,000 in year 1 and $31,200 in year 2. What is the growth rate of its real GDP? |

## 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? |

## Computation of resulting income from insuranceLet's say you live in Montana and you like to ride mechanical bulls in bars on Friday nights. You estimate that over the next year there's a 4% probability you will incur medical bills of $20,000 |

## Determination of equilibrium price and quantity demandedSuppose that Demand and Supply curves for coffee bean is given by-What value of t maximizes Government's tax revenue? |

## Questions on wealth falls and stock valueExplain why you would be more or less willing to buy a share of Apple Computers stock in the following situations: |

## Long-run labor demand and factor substitutabilityQuestions on Long-Run Labor Demand and Factor Substitutability, Own-price elasticity, Cross-price elasticity |

## Gdp forecast and inflationIf I told you that GDP was forecast to rise by a bit more than 3% over the next year, what would that mean to you? What should you be asking about the forecast? |

## Describing the three theoriesMention and describe the three theories for why the short-run aggregate-supply curve is upward sloping. |

## Tradeoff between fiscal stimulus and inflationCompute the short-run profit maximizing level of labor and capital demand. Compute the long-run profit maximizing level of labor and capital demand. |

## Aggregate demand-aggregate supply curvesExplain the impacts of an expansionary fiscal policy such as a tax cut on the levels GDP, Consumption, Investment, interest rate and unemployment and price. |

## Calculate unemployment rates-number of employedCompute the employment rate (i.e., number employed: population) in each year? How can employment rate may go up or down in the unemployment rate stays the same? How can employment rate go up if unemployment rate also goes up? |

## Positive balance of paymentQuestion Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments." |

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