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Assume your elasticity of demand for your parking lot spaces is -.05, and price is $20/day. If your MC is zero, and your capacity at 9 a.m. is 96% full over the last month, are you optimizing? Please explain.
Using two graphs, show consumer surplus before and after government intervention.
Which of the following changes to fiscal stimulus package of 2009 for $862 billion (under the bill called American Recovery and Reinvestment Act of 2009) would have a larger overall impact on AD? Explain your answer with credible logic and analysi..
If the goal of the transit authority was to maximize total revenues, what is the new price it should set? Also, what would the total revenue raised in this new price scheme?
How does competition affect profits and prices? What causes some firms to enter an industry, and others to leave it?
Draw a standard supply and demand diagram which shows the demand for new housing units that are purchased each month, and the supply of new units built and put on the market each month.
Case study analysis about optimum resource allocation: - Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..
If a representative firm with total cost given by TC = 20 + 20q + 5q2 operates in a competitive industry where the short-run market demand and supply curves are given by QD = 1,400 - 40P and QS = -400 + 20P, the number of firms operating in the sh..
what is the least-cost input-combination of labor and capital and how much output is produced with that set of resources?
Kenya is a state that is a part of the African Nation. Talk about the exchange rates and their money supply. Also write about whether or not Kenya has a promising future.
Ajax, Inc. has appointed you to examine the demand for its line of telecommunications devices in 35 different market areas.
What is the effect of the United Arab Emirates' increasing sovereign wealth funds on GDP?
What will the economic impacts of maintaining lower CO 2 emissions in the aggregate for the Turkish economy?
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