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a) Draw the supply and demand for apartments. Assume in this market all apartments are identical, so there is only one equilibrium rent ("price" of an apartment). Show the rent as $800 per month.
b) Show the effect of a law preventing landlords from raising rent above $700. Does this cause a shortage or surplus? Is this a price floor or a price ceiling? How would a law preventing landlords from charging above $900 give different results. What is such a price restriction called?
This is an essay question, but I don't know how to explain. Should I use the supply-demand curve to explain, or use the marginal cost- marginal revenue curve to explain this question.
Businesses have to make many financial decisions that have a direct impact on operations and the ability to successfully compete in the marketplace.
Evaluate Rusal's prediction by using the demand and supply equations to make a prediction about the movement of world aluminum price.
Suppose the MPC is an economy is 0.9. The APC is initially 0.95 and disposable income is $4 billion.
Trade restrictions will stop foreign imports which will increase American employment and protect American jobs
If today's production of capital goods exceeds the depreciation of capital.
Is the price mechanism of a perfectly competitive market a good mechanism to allocate gasoline.
How much is the uniform annual revenue in years 2 through 5 to achieve economic equivalence if the company decides to use MARR.
Identify your fixed and variable costs at your fast food restaurant, and explain the changes to each of these costs, given the increased demand.
Why anyone would pay a positive price for a CBOT or NYSE seat and what this price represents. Second, explain why the seat values have changed so much in recent months.
Semiconductor chips are used to store information in electronic products, such as personal computers. One of the early leaders in the production of these chips was Texas Instruments (TI).
Calculate the deadweight loss from the tax. Elucidate the tax be defensible in spite of the deadweight loss.
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