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Newspaper vending machines are designed so that once you have paid for one paper; you have access to all the papers in the machine and could take multiple papers at a time. However, other vending machines dispense only one item (the item you bought). You do not have access to all the goods (sodas, candy, snacks, etc.) at one time. Using the concept of marginal utility, explain why these vending machines differ?
Changes in disposable income affect government purchases and the government purchase function. How do changes in net taxes affect the consumption function.
Explain why global warming is not likely to be solved by the market mechanism alone. Utilize the terms externality and public goods in your explanation.
q.pham can work as many or as few hours as she wants at the college bookstore for 9 per hour. but due to her hectic
If the market price of suits is constant, illustrate what is the shutdown level of output. What is the minimum price the firm can accept.
Consumption is $6 trillion, investment is $2 trillion and government purchases are $2.5 trillion. The country exports $1 trillion and imports $1.5 trillion. Find net exports and solve for the level of aggregate demand.
Illustrate what is the present worth of the planned expenditures at an interest rate of 10% every year
How company is the low-cost provider of these boxes with fixed cost of $480,000 per year, plus variable cost of $30.00 for each box. Annual demand and marginal revenue functions for the company are.
Elucidate effect does the current supply and current demand have on this product.
Explain how do you think higher demand has affected equilibrium wage. In which direction do you think labour supply and demand shifted.
Assume the United States economy is in a deep recession explain how does this recession affect the US major trading partners such as China, Canada and Japan.
Returning to question 2, suppose the government put a tax on soda of $.50 per can to be paid by consumers. Graph the before and after tax supply and demand curve. What is the new ewuilibrium price and quantity?
Suppose the demand and supply curves for basketballs are given by: Qd = 200 – 5P. Using the demand and supply functions above, the equilibrium price of a basketball is ____, and the equilibrium quantity is ____. On the same graph above, show the effe..
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