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An example of positive analysis is studying:
A. if income distributions are fair.
B. whether equilibrium outcomes are fair.
C. how market forces produce equilibrium.
D. whether equilibrium outcomes are socially desirable.
There are 300 purely competetive farms in the local dairy market. Of the 300 dairy farms, 298 have a cost structure that generates profits of $24 for every $300 invested
Why does a government place price ceilings, such as rent control, on some "essential" goods. to encourage an increase in supply of necessary items, to limit the impact of equilibrium pricing or else.
Pawel spends half of the year working in Britain where he consumes British food q and half of the year in Poland where he consumes Polish food Q.
Many would consider the US Postal Service a publically good. Is this assumption valid.
What are the costs of inflation and Which of these costs do you think are most important for the U.S. economy? What are your shoe leather costs of going to the bank? How might you measure these costs in dollars?
instructors training on how to grade is within the instructor center.the fiscal and monetary policy and economic
A firm sells its product in a perfectly competitive market where other firms charge a price of $90 per unit. The firm's total costs are C(Q) = 50 + 10Q + 2Q2. a. How much output should the firm produce in the short run? b. What price should the fir..
explain briefly what is happening in this economy before and beyond the equilibrium output level point "a". The equilibrium output is the level of output at which the 45-degree line intersects the planned expenditures line.
If the apple grower wants to see 6,000 bees kept, what is the value of the externality? What would have to happen for the socially optimal amount of bees to be kept?
Farm Fresh Corporation supplies sweet peas to canneries located throughout the Mississippi river Valley Like many grain and commodity markets, market for sweet peas is perfectly competitive.
Assuming individuals hold no cash (all cash is in bank vaults as reserves), calculate the simple money supply from the following reserves requirements and deposits in the systems. 5 Points each, 30 points subtotal
Legislative bodies impose price controls to help a part of the economy; who benefits and who is harmed by price ceilings and price floors?
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