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If a price ceiling is not binding, then
a) there will be a surplus in the market
b) there will be a shortage in the market
c) the market will be less efficient than it would be without the price ceiling
d) there will be no effect on the market price or quantity sold
What is their goal, and illustrate what decision criteria do they use in trying to reach that goal.
The United States can make certain toys with greater productive efficiency than can the China. Yet we import those toys from China.
An important way to reduce water pollution from farms is to plant a buffer zone between crops and the water. Economists estimate that for each bush there is a $20 gain in reduced pollution. What is the market clearing equilibrium price and quantity?
The companys marketplace department estimated a linear demand function for Border's picante sauce:
Elucidate what should Paul, the Director of Human Resources, do to determine how Plastec (a company that manufactures plastic) compares with other area employers in terms of wages and benefits.
show the effects of an increase in the Chinese purchases of U.S. Treasury bonds. How do these purchases affect the value of the dollar and of the yuan?
calculate the profit maximinizing output. calculate the economic profit earned. Illustrate what is the industry for product equilibrium.
An 83-year-old woman is placed at a small table in a dark corner of a trendy nightclub also is ignored by the staff.
What is happening to the value of the U.S. dollar these days? What causes the value of the U.S. dollar to rise or fall? Who demands U.S. dollar? Who supplies U.S. dollar?
What investment will you choose if your utility function were given by U(M) = M2 ? What is the certainty equivalent of the chosen investment?
Do you agree or disagree with the statement which: A monopolist always charges the highest possible price.
Find out the aggregate economic effects of the combination of the shock to the economy and the government's response to it.
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