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Question about price elasticity of supply
Food stamps programs serve only to drive food prices higher, not increase the quantity of food available to the poor.â? What would the elasticity of supply have to be for this statement to be true? What would the elasticity of supply have to be for a food stamp program to increase the availability of food to the poor with no prices increase?
When McDonalds Corp reduced its price of the big mac by 75 percent-Using your knowledge of game theory, what do you think disrupted McDonald's plan?
Compute total revenue, marginal revenue, marginal cost, and average total cost of this natural monopoly. What is the profit maximizing output and price for this natural monopoly when the government does not regulate it?
Trade off liberalization conflict with morally-conscious environmental policies. While it is true that economic growth is necessary for general welfare
Most of the critics argue that America has too many elections, a surplus of elected officials, and unwieldy layers of government.
Using indifference curve analysis, explain and show graphically the effects of higher gasoline prices on:
Make a short paper which relates how specific material from economic course where we cover supply and demand, elasticity and etc.
Suppose, in a given week, float raises $900 million, Treasury deposits at the Fed rise $1500 million, discounts and advances decline $200 million, and foreign deposits at the Fed increase $150 million.
Assume that the following information about the economy is correct. The potential GDP is 3 percent. Real GDP has fallen at a minus two percent rate in the last 12 months.
Illustrate what effects would their combined actions have on GDP. Illustrate what effect would this have on your industry.
Assume the government imposes a tax of $2.00 per unit to reduce widget consumption and raise government revenues. What will the equilibrium quantity be?
Suppose the Federal Reserve lowers its target for the federal funds rate six times in seven months while the European Central Bank leaves its target for short term interest rates unchanged.
Fiscal policy refers to the use of government expenditures or tax policy to influence the aggregate demand for a specific purpose.
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