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In tight housing markets rent controls are often applied to hold price of housing to a reasonable level. How does this policy affect the relative gains of tenants and landlords and the allocative function of prices— (answers) it prevents landlords from gaining at the expense of tenants : the allocative function of prices is impaired. -- it prevents landlords from gaining at the expense of tenants : the allocative function of prices is NOT impaired. -- it prevents tenants from gaining at the expense of landlords : the allocative function of prices is impaired-- it prevents tenants from gaining at the expense of landlords : the allocative function of prices is NOT impaired
Imagine the hourly production for tuna cans is given by q = 6K + 4L. Assuming capital is fixed at 6, how much L is required to product 60 tuna cans per hour? Assuming capital is fixed at 8, how much L is required to product 60 tuna cans per hour?
Compute the average revenue and the marginal revenue of a fully competitive firm and illustrate in diagrams both the curves of the average and the marginal revenue.
Use several alternative discount rate values (1% to 10%) to investigate the sensitivity of the present value of net benefits of the dam in exercise (1) to the assumed value of the real discount rate. Determine the "breakeven" value of the discount ra..
Tyrion, who likes beer and wine, lives in Westeros, where people buy things with Silver Stags (SS). The price of wine is 5SS per flagon and the price of beer is 2.5SS per jug. Tyrion’s daily income is 50SS.
Consider the elasticity of supply. In the short run, a elucidate how many popsicles will be sold each day in the short run if the price rises.
Compute the equilibrium level of income. Illustrate what is the level of consumption at the equilibrium level of income.
With everything else being equal, if the price level in the USA increases relative to foreign countries, then which of the following happens? If the real exchange rate between the USA and Japan is 0.35 then it means. If foreign countries increase the..
Two goods are complements when a decrease in the price of one good
Which of the following is the BEST example of a pure public good?
Bulls Eye department store specializes in the sales of discounted clothing, shoes, household items, etc. similar to the offerings at a regular Walmart or Target. Bulls Eye is the only department store in Show Low and the nearest other discount retail..
If more foreign tourists visited the United States, this would: A. lower our merchandise trade imbalance. B. lower our overall trade imbalance. C. raise our merchandise trade imbalance. D. raise our overall trade imbalance.
q.denise is thinking about setting up a butterfly garden in her backyard. she estimates that it will cost her 2000 to
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