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When manufacturer decrease price for goods and services, it increase customer’s surplus and everyone standard of living. Therefore, it behooves government to impose below market price ceiling on consumers goods, thereby increasing consumers surplus and making everyone better off, what would be the policy?
Expalin why is private property, and the protection of property rights, so critical to the sucess of the market system.
Describe why the understatement of inventory by 66,000 at then end of 2004 results in an understatement of equity by same amount in that year.
Describe briefly the reasons why the following transactions would or would not be included in GNP and compare and contrast stabilization policy recommendations of monetarists and activists.
Organization where the market demand is given by QD = 1,500 - 40P, in the long-run equilibrium there will how many firms.
Assume that economy starts at equilibrium and the mpc = 0.75. Find the effect of a $300 increase in government spending once all the rounds of multiplier process are complete?
Ms. Fogg is planning a trip where she plans to spend $10,000-What is the maximum amount that Ms. Fogg is willing to pay to insure the $1,000?
Pawel spends half of the year working in Britain where he consumes British food q and half of the year in Poland where he consumes Polish food Q.
A recent report indicatesthat nearly 50 Americans contract HIV every year through blood transfusions. Although every pint of blood donated in the United States undergoes a battery of 9-different tests,
Suppose an economy only produces single consumption well. Consider permanent upward shift of production function. Graphically describe the effects on each of following:
explain how much will real GDP change. Explain how the concept of comparative advantage was relevant to the trade negotiations.
During the late 1990s, several mergers among brokerage houses resulted in the acquiring firm paying a premium on the order of $100 for each of the acquired firm's customers.
What are the macro and micro problems? What systems are affected structural, psychosocial, technical, managerial, goals?
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