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Explain The Economic Opportunity Act of 1964 and the programs created under it are classified as institutional programs. Increasing opportunities for the poor was the main concern of this act which proves that the basis of this act fits the model for institutional programs.
Assume that good x and y are substitutes. Show graphically and explain the effect on the bundle selected that will maximize utility if the price of good x falls. Draw and explain the demand curve for good x and the price-consumption curve for good y.
The demand for Pepsi is more elastic Than the demand for soda. The effect of taxing demanders are the same as taxing suppliers.
Find the following: Gross domestic product. The current account balance. Net exports. Consumption.
Assume an oligopoly market with two firms. The inverse demand function and cost functions are as follows: P=150-2(Q1+Q2) and C1=20Q1 and C2=28Q2. Calculate: a. Cournot dupoly equilibrium output, price and profit, b. Stackelberg equilibrium output, pr..
Illustrate what is the efficient price of water. Illustrate what are the quantities of water allocated to agricultural also industrial use.
Suppose price levels were falling 10% per day. How would this affect the demand for money? How would it affect velocity? What can you conclude about the role of velocity during periods of rapid price change?
Many universities allocate financial aid to undergraduate students on the basis of some measure of need. does this price reflect pure charity or price discrimination? if it reflects price discrimination do you think it lies closer to first degree dis..
q.a competitive firm sells its product at a cost of 0.10 per unit. its total cost function istc 5 - 0.5q 0.001q2a
In 1796, Gottfried Christoph Härtel, a German music publisher, calculated the cost of printing music using an engraved plate technology and used these estimated cost functions to make production decisions. Graph the total cost, average total cost, av..
Many people are concerned about changes in the distribution of income.
Luke has $16 to spend on his lunch at his school cafeteria every week. A slice of pizza (P) costs $2 and a submarine sandwich (S) costs $4. Luke likes an average more than extremes. Draw an indifference curve diagram (place pizza on the horizontal ax..
Elucidate the difference in approaches and describe the impact these differences have on excess quantity of labor supplied.
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