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Question: A student makes the following argument: A price floor reduces the amount of a product that consumers buy because it keeps the price above the competitive market equilibrium. A price ceiling, though, increases the amount of a product that consumers buy because it keeps the price below the competitive market equilibrium. Do you agree with the student's reasoning? Use a demand and supply graph to illustrate your answer.
cold case inc. produces beverage containers used by fast food franchises. this is a perfectly competitive market.
Bridget has a limited income and consumes only wine and cheese; her current consumption choice is four bottles of wine and 10 pounds of cheese
Show that a steady state can coexist with technological progress only if this progress takes a labor-augmenting form. What is the intuition for this result?
what are the limits to the u.s. long-term economic growth? is there anything that our government can do to address
assume that the companys is considering a merger. the possible merger currently faces some threats and that the
In the case of monetary impotence without a horizontal LM curve, a rise in government expenditures
suppose the production function for guitars is given byq lk - 4l2where q is the number of guitars manufactured per
a. calculate the breakeven number of additional customers for each added hour of operation up to 4am.b. calculate the
Presume that the dependent variable in your regression has a non-normal distribution, even after controlling for the x variables (In other words, MLR.6 is violated). Under what circumstances can the OLS coefficients and standard errors still are util..
Explain how the public interest theory of regulation might come to a different conclusion regarding emission fees v. marketable permits than the interest group theory
Suppose the demand for housing D is given by the function D=100p^-1r^-2 where p is the price of housing and r is the mortgage interest rate. Treat r as exogenous. The supply of housing is given by s=s1 , where S is exogenous.
Reconsider the "double marginalization" model. Solve for the equilibrium input price and final price when there are N downstream firms compete in Cournot fashion.
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