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Looking at the expanded circular flow model: The total flow of funds into and out of household is?
A student finishes her college after accumulating a $30,000 federally backed student loan over 4 years. The loan charges 3.5 % interest compounded monthly. What is her monthly payment if she wants to repay the loan (amortize) over the next 6 years..
In the absence of a price floor, how much consumer surplus is created, how much producer surplus and what is the total surplus - How much producer surplus is created now?
Two firms, i = 1,2, produce the same good. Each firm i's cost of producing quantity q_{i} is given by C_{i}(q_{i}) = q{_{i}}^{2} . The market demand is given by P_{d}(Q) = a-Q for all Q = q_{1} + q_{2}\leq a (with P_{d}(Q) = 0 for Q> a).
What is the approximate present value of £100 due in a year's time, if the discount rate is 10 per cent? What are the essential elements of sustainable development? What are the five key stages in social cost-benefit analysis?
1. the amount of compensation associated with the income effect of a price change is calleda. a compensation variation
Climate change results from particular human activities in every country across the world. To what extent can government intervention in any individual country such as Australia be effective in combating it?
Suppose that you like to own both left and right shoes, but that a right shoe isof no use to you unless you own a matching left one, and vice versa. Draw yourindifference curves between left and right shoes.
Each consumer is given a voucher which entitles her, free of charge, to fifty units of education. (of course she can also use the voucher to cnosumer, free of charge, less than fifty units) If she wants more than fifty units of education
In what way does the Bill of Rights protect individuals' freedom to engage in business activities. it recognizes property righs or else.
Which of the following best describes what happens when consumer income increases? Which of the following best describes what happens when the price of oranges increases?If the government gives each consumer a tax reduction equal to $600 (i.e. increa..
Suppose demand is given by QD = 100 – P and supply QS = P. If buyers pay a tax equal to 10, what is the after-tax demand? Do the same computations as the previous exercise, and show that the outcomes are the same.
1 good reason why quantity demanded increases when its price falls is that the: a. lower price shifts the supply curve to the left b. lower price shifts the demand curve to the left c. lower price shifts the demand curve to the right d. lower price e..
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