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Assume the demand function and the supply functions for 24-can beer case in Houston are:
Demand: QD = 1,000 - 50P
Demand: QS = 40P + 100
(a) What are the market equilibrium price and quantity for beer case? (4%)
(b) What will happen if the Mayor sets a price ceiling at $12? (3%)
(c) What will happen if the Mayor sets a price ceiling at $8? (3%)
The Baltimore Crab House currently has 2? workers, and is considering adding a third. If a third worker is added at a cost of? $100, and that third worker can increase the number of crabs processed from 150 to 200. The Baltimore Crab House is now con..
The country Panjim has been growing at the rate of 8 percent annually following a series of economic growth reforms. Adelphia, a neighboring country, is also growing rapidly, How has the change in capital-labor ration affected efficiency? What propo..
Provide examples of businesses taking advantage (profiting from) the recent drive to “go green” (environmental consulting, etc). What are the advantages and disadvantages of going green for a company? What are the differences between John Maynard Ke..
If income changes from $200 billion to $300 billion, and consumption changes from $100 billion to $180 billion, what is the multiplier?
1. The increase in deficit-financed govt spending causes real GDP to increase to natural real GDP.
In international economics, what is the Heckscher-Ohlin model? What are the differences between it and the Ricardian Model?
Two hundred paper mills compete in the paper market. The total cost of production (in dollars) for each mill is given by the formula TC = 500Qmill + (Qmill) 2 where Qmill indicates the mills annual production in thousands of tons. The marginal cost o..
In the framework of an oligopoly, what strategy can work like a silent form of cooperation?
Write a 1,050- to 1,400-word paper that uses two to three economic tools and concepts to evaluate a current issue or situation that exists in today's health care industry. Some examples of economic tools and concepts are supply and demand curves, ..
It is July 30, 2015. The cheapest-to-deliver bond in a September 2015 Treasury bond futures contract is a 13% coupon bond, and delivery is expected to be made on September 30, 2015. Coupon payments on the bond are made on February 4 and August 4 each..
Suppose a consumer live two periods, in the first have an income m1 = 30 and in the second an income of m2 = 20. Suppose the interest rate is 10% and can borrow and lend at that interest rate. What is the maximum quantity he can consume in the second..
A bank offers a five-year CD paint an annual rate of 4.69% compounded monthly with a minimum investment of $1000.
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