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Q. The marketplace demand also supply functions for pork are: QD = 2,000 - 500P also QS = 800 + 100P. To help pork producers, the U.S. Congress is considering legislation that would put a price floor at $2.25 every unit. If this price floor is implemented, elucidate how many units of pork will the government be forced to buy to keep the price at $2.25? Elucidate how much will the government spend in total? Elucidate how much does producer surplus increase?
movements along the consumption function while changes in wealth lead to a shift of the consumption function.
How much Wyandotte have to decrease the price of polyol to attain a 15% increase in the quantity sold.
If you were a manager in a tobacco company, analyze the elasticity of demand for tobacco products. Evaluate the factors involved in making decisions about pricing tobacco.
Suppose a consumer is at an optimum, consuming 6 hamburgers a week at a price of $1.50 each and 10 donuts a week at 50 cents a donut.
The steel industry has been lobbying for high taxes on imported steel. Russia, Brazil also Japan have been producing also selling steel on world markets
Explain what occurs when a new technology makes another one obsolete in terms of economic profit?
Impact the decrease in the price of land will have on this firm's short run cost curves (short run fixed costs, variable costs also total costs). Elucidate your illustration.
Compute the deadweight loss if the U.S. imposes a tariff of 25 cents per bottle of imported wine.
Afterward on same day Jane Harris discussed a loan for $5400 at same bank. Exemplify after these transactions, the supply of money.
Assume an endogenous growth model with labour augmenting technology.
If at an interest rate of 7 percent, planned investment is $2 trillion, government spending is $3 trillion, net taxes are $2.8 trillion, and household saving is $2.2 trillion, what is the quantity of funds demanded at an interest rate of 7 percent..
How will you consider the structure of the fresh salmon industry to calculate the forecast. Will you advise the firm to enter the industry.
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