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If a supply curve for a product became less price elastic, if a subsidy were introduced for that product would the deadweight loss increase of decrease and why?
Karen runs a print shop that makes posters for large companies. It is a very competitive business. The market price is currently $1.00 per poster. She has fixed costs of $250.00. What is her AFC per poster if she prints 1,000 posters? What is her AFC..
The higher the marginal propensity to consume the more powerful tax policy is to influencing consumption. Negative real interests rates imply that if you save today, you can purchase a smaller basket of goods and services in the future, relative to t..
Illustrate wat would happen if suppliers set the price of pizza at $15. Explain the market adjustment process.
Inflation may fall without a significant increase in unemployment if
Illustrate the significance of resource pricing explain rule or criteria of employing for resources under pure and perfect competition.
A parish in the state is planning to construct a new bridge across the local river. The initial cost for the bridge will amount to $7,000,000. Annual maintenance and repairs will amount to $25,000 for each of the first five years, to $30,000 for each..
You have the option to purchase a Robotic Surgery Machine to perform the surgical operations. The machine has a cost of 1,500,000 dollars, but the Medicare payment for a surgical operation using the Robotic Surgery Machine is 2,500 dollars and a surg..
When tuition (P) is $500 per credit hour, enrolment (Q) is 1000 student. When tuition is 400, Enrolment is 1300 student: Calculate the elasticity and tell whether it is elastic or not. To increase revenue, should tuition be increased or decreased?
A machine makes drill bits. When the machine is operating correctly, the variance of the diameter of drill bits is no more than .04 inches. In a random sample of 81 drill bits, the sample variance was .07. Test the hypothesis at the 1% level that the..
the congressional research service estimates that at least $45 million of counterfeit u.s. $100 notes produced by the north Korean government are in circulation. Explain why do U.S. taxpayers lose because of north Korea's counterfeiting.
Walmarts decision in 1994 to continue operating stores in specific cities in Mexico when other firms were pulling out would be classified as
Suppose the following table reflects the domestic supply and demand for compact discs (CD’s). Now suppose that foreigners enter the market, offering to sell an unlimited supply of CD’s for $6 apiece. Illustrate and identify.
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