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How does a price ceiling undermine the rationing function of market-determined prices? How could rationing coupons insure that consumers with the highest values get the limited amount of a good supplied when government prices ceilings create shortages?
the present value of his endowment would be what? I know the answer is 2500, but I need to know HOW you get this?
Use a graphical illustration to describe briefly what the influence of each of the following would be on the market supply of labor an increase in immigration
The south african government is not providing enough welfare to the poor
Determine why, given the advantages of international diversification, some firms choose not to expand internationally. Provide specific examples to support your response. As firms attempt to internationalize, they may be tempted to locate their fa..
Find the inverse demand curve. How much consumer surplus do consumers receive when Px=$35? How much consumer surplus do consumers receive when Px=$25? In general, to the level of consumer surplus as the price as the price of a good falls?
What happens to consumer surplus and what happens t o the economic profits earned by Widget Corp.?
suppose the Fed expands the money supply, but because the public expects this Fed action, it simultaneously raises its expectation of the price level. What will happen to output and the price level in the short run? Compare this result to the outc..
What is the government expenditure on this subsidy?What is the deadweight loss as a result of this subsidy?
What does this graph tell us the nature of economies of scale in the beer brewing industry b. What are the particular problems associated with the firm represented by the SATC curve shown in the graph Does it represent a firm that would be able to..
The owner-manager of Good Guys Enterprises obtains utility from income (profit) and from having the firm behave in a socially conscious manner, such as making charitable contributions or civic expenditures. Can you set up the problem and derive th..
Your supervisor has asked you to compute the elasticities for each independent variable - Compute the elasticities for each independent variable.
If the government imposes a $1 per-unit tax, how do the marginal, average total, and average variable costs change? What if instead the government imposes a $100 per-firm tax?
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