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Q1. Suppose the supply of apartments in Minneapolis is perfectly elastic. The effect of a $100 per month tax on all apartments. Q2. Yovanka has diabetes and she will pay any amount of money to buy the insulin she needs to stay alive. Yovank's demand for insulin is?
Q3. For each dollar paid in taxes, approximately how much do households in the top quintile receive back in the form of government expenditures?
Q4. Suppose that due to flooding in Louisiana, 100,000 farmers relocate from Louisiana to Texas. Assuming that land and labour are complements in a farming production function, what would happen to the wages earned by workers and the rents earned by landowners in Texas?
Mustard and mayonnaise are substitutes. Mustard and relish are complements. Mustard is a normal good. During the summer, about 50% of all mustard was recalled by manufacturers and removed from store shelves.
Calculate whole expected convenience from each restaurant option and also compare?
Examine the key factors affecting the demand for and the supply of a good or service
Use supply and demand model to explain the dramatic rise in the price of a college education.
What is the relationship between marginal cost and marginal revenue when single-price monopoly maximize profit.
Imagine that you were the president of an emerging country that is trying to reduce the number of its imports
Compare the effects of the two policies, based on the models developed. Why might the United States have preferred one policy over another.
If she neither borrows nor lends, which project has the higher present value at the interest rate 50%. Which has the higher present value at an interest rate of 5%.
Results of drilling are 15 dry holes, 12 gas producers, 18 oil wells, and 20 wells producing both oil and gas.
Suppose that the supply curve of healthcare services is perfectly inelastic. Analyze the impact of an increase in consumer.
The municipal swimming pool charges lower entrance fees to local residents than to non-residents. Conclude that non-residents must have for swimming at the pool than residents.
What data the organization needs in order to make good decisions and how the use of macroeconomic indicators enables organizations to improve their forecasts of the key decision-making data.
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