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Q1. Consider the following market demand and supply curves.
P=9 + .4 Qs
P=30 - .3Qd
where P is the price per unit in dollars and Qs and Qd are quantities supplied and demanded (in millions of units) correspondingly. Discover the equilibrium value as well as quantity which will prevail in the market. At a price of $10, would there be a surplus or shortage? if so, how much?
Q2. a) the benefits from well behaved lending; the impact of tax on foreign investments; b) evaluate a economic crisis discussed as Asian crisis of 1997, or the Brazilian crisis of 1999, or the debt crisis of 1982 with regard to the causes of the crisis, behavior of lenders, borrowers, world organizations, and the impacts on currency markets and on economic conditions within the country and globally.
Analyze the economic impact of major social problems and issues such as poverty, discrimination, crime, income distribution, the role of government, and other major issues.
You only buy apples and bananas. Your budget is such that you can purchase 3 apples and 4 bananas or 9 apples and 2 bananas. Write the equation for the budget line with bananas on the y-axis. Is that equation unique.
Do sibs have the expected effect. Explain. Holding medic and feduc fixed, by how much do sibs have to increase to reduce predicted years of education by one year.
Show, using an AS-AD graph, how government can use accommodating monetary or fiscal policy to return output and unemployment to their long-run values.
explain why the actual increase in M-1 will be smaller than that indicated by the over smplified multiplier.
Profits associated with polluting for Friedman Inc. are π = 40Q - 2Q2, where Q = pollution emitted (in tons), and profits are measured in dollars.
Roshima is researching universities where she could study for her MBA degree. She is considering 3 major attributes that she considers important in her choice
If you expect to retire in 30 years, are currently comfortable living on $50,000 per year and expect inflation to average 3% over the next 30 years, what amount of annual income will you need to live at the same comfort level in 30 years?
Illustrate what are the assumptions being made about Jackie by her colleagues also managers.
Which in turn depends on the animal's access to grazing which depends on the number of llamas sent to the commons.
If a tax were to be imposed on one of these items, for which item would the tax be the most efficient.
Given the same price elasticity of supply, sellers would be able to pass along the largest portion of a 10% tax on which item.
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