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Suppose the demand for car washes in Collegetown falls as a result of a cutback in college enrollment. Show graphically how the price and output for the market and for a single firm will be affected in the short run and in the long run. Assume the market is perfectly competitive and that it is initially in long-run equilibrium at a price of $12 per car wash. Assume also that input prices don't change as the market responds to the change in demand.
if the nominal gdp is 559 billion in the base year and it rises to 577 in year 1 and 605 in year 2 what is the real gdp
methamphetamine meth is an addictive synthetic drug made chiefly in small toxic labs stls in homes tents barns or hotel
Contrast the rational expectations hypothesis and Keynes' description of expectations. Begin by explaining Muth's hypothesis in detail, and then explain Keynes' view of how people determine their long term expectations of the future. Conclud..
"Is the automobile industry in the United States competitive? Try to answer this question considering the recent trends in the automobile industry around the world." Discuss.
Assuming that the market for raw meat is perfectly competitive, what would be the impact of government policy that tightens requirements for quality control by farmers (compliance with the policy requires using additional equipment for the qual..
During the Great Depression, the US economy experienced a falling price level and declining real GDP. Using an AD-AS diagram, graphically illustrate and explain how this transpired.
Distinguish between an 'exact' and a 'not exact' relationship between X and Y.
Give five examples of how would you define social entrepreneurship? Give five examples of how technology is helping alleviate poverty in the developing world? 1000 words.
Why does the U.S.'s deficit, surplus and debt have an effect, tax payers, future Social Security and Medicare users?
nbspthese essays should be a minimum of five paragraphs in length each. they should contain a clear thesis statement in
There are two firms, A and B. Each makes a hard drive and a monitor. Label the hard drive and monitor made by A as AH and AM respectively. Label the hard drive and monitor made by firm B as BH and BM respectively. Manufacturing costs of all pro..
The small town of Middling experiences a sudden doubling of the birth rate. After three years, the birth rate returns to normal.
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