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Suppose the services of a road are subject to congestion after 50,000 vehicles per hour enter the road. Assume that it is feasible to price road services on an hourly basis. Create a graph similar to the one in Figure 4.2 of the textbook to show how the services of the road, in an effort to achieve efficiency, should be priced per hour when fewer than and more than 50,000 vehicles per hour are expected. Explain your answer. Create a graph on a spreadsheet program (such as MS Excel)
How is this shifting of AD curve going to affect the price level and output level of the economy.
Assume Caesar allocates his entire budget to the purchase of chips as well as soft drinks.
The Economic impact of the Baby Boomers on the US economy? prepare a paper and present it in the class by a powerpoint. Please use scholarly references and statistical data to support your argument
Explain the replacement effect, which may cause monopoly firms to innovate less rapidly.
Since under price leadership by the dominant firm, the firms in the industry following the leader behave as perfect competitors or price takers by always producing where the price set by the leader equals the sum of their marginal cost curves.
Outline the methodology of studying economics also utilize examples in your conversion.
Assuming that budget stays same except for interest on debt for 10 years, what will be accumulated debt? What will size of budget be after 10 years.
How disparate are returns if you win. As disparity increases => marginal benefit increases. Which of these two explanations is correct.
Suppose apples also oranges are substitute. Presume apple growers launch a very successful advertising campaign that convinces consumers apples are a better product.
If air quality improves however re are no effects on aggregate production or on market costs of final goods and services. Illustrate what would happen to GDP.
In what industry will a given percentage increase in production workers result in the largest percentage increase in output.
At the profit-maximizing quantity, what is the average total cost of producing e-books.
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