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Public regulation of a market is utilized when which of the following is present:
1. Monopoly
2. Fixed costs are high
3. Elastic demand
4. Natural monopoly
a gasoline station very near a professional football stadium parks cars on its lot to make money on game days. last
Demonstrate how an increase in personal and federal income taxes ultimately affects Bank of Canada's balance sheet.
Which one, shirts or sweaters, has a demand elasticity that will allow you to increase the price, sell fewer units BUT still increase your revenues?
what is the labor force participation rate? what was the labor force participation rate in 2008? how has it changed
ECON 301 Intermediate Microeconomics Assuming diminishing marginal utility and an indifference curve with Apples on the X axis and Cheese on the Y axis, fully explain how the slope of the indifference curve measures the relative value of the goods ..
question 1. after 35 years working as a practicing economist you decide to retire. to stay somewhat productive during
Explain the relationship between Cola Magic and Lemon Heaven Soda and explain what affect a 10% increase in the income of the targetmarket would be on the demand for the Cola Magic?
write a program to input a purchase amount and calculate the sales tax and total do. the salestax depends on the county
Explain why hyperinflation has such a devastating impact n economies. Explain what it takes to stop hyperinflation Describe the three types of unemployment. What types of government programs would be most effective in combating each type of unempl..
If you buy a new car the entire purchase is counted as consumption in the year in which you make the transaction. Explain briefly why this is in some sense an 'error' in national income accounting.
Solve for the optimal bundle using Lagrangian optimiation, and simplify as much as you can. Don't forget to consider both interior and corner solutions.
What is the dollar value of the deadweight loss when output level Q3 is produced? What is the dollar value of the total surplus when output level Q3 is produced?
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