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Q. 1 The cost to drive on a freeway is $0 at all times of the day. This cost establishes equilibrium at 3 a.m. however is low to create equilibrium at 5 p.m. There is a shortage of freeway space at 5 p.m.
a. Graphically Explain how and explicate how carpooling may eliminate the shortage.
b. Graphically explain how and explicate how building more freeways may eliminate the shortage.
2 Diagrammatically explain how and Explicate why there is a shortage of classroom space for some college classes and a surplus for others.
3 Smith has been trying to sell his house for 6 months although so far there are no purchasers. Draw the market for Smith's house.
What other economic factors are affected when taxes are raised or lowered, and how are they affected. Should the government increase tax rates on everyone as a way to equalize incomes and wealth.
Determine what are some of the philosophies that influenced Latin America? In what way did they impact the cultures of Latin America?
Graphical demand and supply analysis, explain the impact on price and quantity in the market for petrol if oil production is disrupted.
q1. connie and stephen must decide how to split a pie. suppose both of them simultaneously formulate demands x and y.
external benefit generated by sale of marginal widget is $100, regardless of how many widgets are purchased.
sir francis galton a cousin of james darwin examined the relationship between the height of children and their parents
Illustrate what inconsistent other than price appear to have the biggest impact on the demand products. How much influence does the company have over these inconsistent.
Coupled with $160 annual tax rebate per household. Will the household be better or worse off under the new program.
What would be drain on U.S. GDP (as a percentage) from paying interest on net foreign debt. What if net foreign debt were 100 percent of GDP? Size of its foreign debt.
Does a tug of war between AVC and AFC eventually take place?
Consider the subsequent cost relationships for a single-product Is there a minimum efficient scale of plant implied by these cost relationships
A business traveler to Germany who, upon deplaning in Berlin, uses an airport ATM to withdraw 100 Euros from her U.S. bank would receive which kind of exchange rate?
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