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Q1. If the inverse demand function toaster is P=60-Q, what is the consumer surplus if price is 30?
Q2. Statistically, teenage drivers are more likely to have an automobile accident than adult drivers. As a result, insurance companies charge higher insurance premiums for teenage drivers. Suppose one insurance company decided to charge teenagers and adults the same premium based in the average risk of an accident among both groups. Using your knowledge of the problem associated with asymmetric information; explain whether you think this insurance company will be profitable.
Develop hypothetical supply and demand schedules for your good or service. Plot the schedules onto your graph and label the curves with D for demand and S for supply.
How do the buyer's returns compare with the method of payment, and how do they compare with single versus multiple bidders.
Justify your discussion and analysis by using appropriate examples and references." The additional information on Trade Data and Analysis was submited last night.
Draw the Edge worth Box diagram for this economy also Explicate whether the initial allocation of cheese also bread is Pareto efficient.
Discuss this week's objectives with your team. Include the topics you feel comfortable with, any topics you struggled with, and how the topics relate to your field.
movements along the consumption function while changes in wealth lead to a shift of the consumption function.
A bank borrows money from another bank on an overnight basis to meet reserve requirements. This money would be borrowed. determines the relative worth of money.
Illustrate what is currently occurring to the supply also demand for labor also its effects on wages, union membership, also other labor force related topics.
q.an amusement park is considering changing its pricing scheme from a pay-per-ride system to a single opening fee
What kinds of people are most likely to have their utility reduced by such a law. Why do you think that the government requires such insurance.
What is the effective interest rate of an investment if the nominal annual interest rate is 4.67% and it is compounded semi-annually? Express your answer as a percent to two decimal places.
In fact, an insurance agent explains that he is always true. Nevertheless, the engineer buys fire insurance. Explain why this is or is not a logical decision.
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