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Q. How does a price ceiling undermine the rationing function of market-Concluded prices? How could rationing coupons insure which consumers with the highest values get the limited amount of a good supplied when government price ceilings create shortages? Fully explain your answer based upon demand, provide also marketplace equilibrium.
Q. Illustrate what might you call an outward shift of a nation's production possibilities frontier?
Q. If the company transferred $234,000 of completed goods from work in process to finished goods inventory during April, illustrate what was the cost of goods sold for the month?
Explain what the GDP cost index is and what is its role in differentiating nominal GDP and real GDP.
Elucidate why does the government create monopoly power via its patent system, when elsewhere it spends millions trying to prevent the emergence of or regulate monopoly power.
Illustrate what do economists call the percentage change in real GDP from year to the next. Under a business agreement 70/30 why should the 70% shareholder decision carry all day.
You read in a business magazine that computer firms are reaping high profits. Assume that the computer market is perfectly competitive.
Capital stock at the end of the year of this economy to remain constant as the beginning of the year, how much investment is needed.
Why did people believe the difficulties Aisian economies were expericing in 1997-1998
Consider an income guarantee program with an income guarantee of $6,000 and a benefit reduction rate of 50%.
The equations representing demand as well as, inverse demand as well as, supply as well as inverse supply are as follows.
Compute the price elasticity of Demand for paint also Elucidate how your calculations. Decide whether the Demand for paint is elastic, unitary elastic or inelastic.
The government is allowing for emergency procedures to aid suffering chocolate addicts.
Does Zara experience disadvantages from its "fast-fashion" allocation system. Are these disadvantages offset by the advantages.
Would the sales of pollution rights or certificates be an efficient means of allocating a given amount of pollution.
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