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Q1. Supply and demand for good are given as follows: p = 1000 - 1.5Qd P= 60 + 2.5QS
Illustrate what is equilibrium quantity? Illustrate what is equilibrium cost?
Q2. If 1 additional server increases the number of meals sold by 4 per day and each meal sells for $10, each additional food server will be paid?
Q3. Inflation is not possible under the gold standard. Is this statement true, false, or uncertain? Explicate your answer.
Q4. One way insurance companies reduce adverse selection problems is by offering group medical coverage to large firms and requiring all employees to participate in the coverage. Explicate Explain how this reduces adverse section?
The average consumer income is $20,000, and the price of the related good is $1.10. Compute the predicted quantity demanded of X at these prices and income.
Suppose, on the other hand, that the second country retaliates with an export subsidy of its own.
Analyze the impact of this floor on price, quantity demanded and supplied. Would this price floor create a surplus or deficit of this product in the market?
In an effort to provide tax relief for households while still balancing the budget, Congress votes to raise business taxes and decrease personal taxes.
A major Statistics Canada household survey, the Survey of Labour and Income Dynamics or SLID, the latest of which is referred to as SLID 2009.
A county is considering using a piece of park land for one of two alternative recreation projects. Project S would require construction costs of $2 million (year 0) and generate net benefits of $1 million per year for 10 years.
Assuming sum-of-years digits depreciation, what book value will Model-I have after two years.
Assume that the firms form a cartel to maximize total industry profits. Determine the optimum output as well as selling cost for each firm.
What is Wirelesses' producer surplus from sales for each low-demand as well as consumer.
Evaluate the U.S. nursing shortage in terms of demand and supply.
Consider we did technological change in the class where it does contribute to one side of the production use that to understand the problem.
An equal number of consumers who have a willingness to pay of $119 are allowed to buy the good at a price of $99. How will consumer surplus be affected.
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