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At the equilibrium price, the demanded is equal to the quantity supplied. At any other price (called a disequilibrium price) there is either a shortage or surplus. Calculate the amount of the shortage at a price of$ 5.30.
The economy begins in long-run equilibrium. Then one day, the president appoints a new chairman of the Federal Reserve. This new chairman is well-known for his view that inflation is not a major problem for an economy.
you must give up your full-time job which paid 50000 per year and you worked part-time for half of the year.the average
A change in the meeting time of the introductory one’s decision to go swimming economics course from 11:00 A.M. to 7:30 A.M. on one’s decision to attend the lectures
management has recognized the effect of changes in the real-world competitive environment and government policies on
question 1how is the equilibrium price determined? what happens if the price is above the equilibrium price? what
The firm has an employee who threatens to tell all other firms in the industry about how to implement this new technique. Will it be possible to bribe the employee not to do this Explain why or why not. c What factors will determine the best numbe..
wanda owns a fish shop. she employs students to sort and pack the fish. students can pack the following amounts of
Smokey's Garage, Inc., provides routine auto diagnostics for customers in the Atlanta metropolitan area. Tests are supervised by skilled mechanics using equipment produced by two leading competitors in the auto test equipment industry. Records f..
Explain why inequality is considered to be a social “bad” by many people. In what way could inequality be a social “good”?
ac inc. has a monopoly in the market for little green houses. acs total cost function is 100000.10y2 0.10 y squareand
President Bush’s approach to economics was very similar to that of President Reagan’s. explain the assumptions behind the theory of supply-side economics.
Identify who has the absolute advantage in painting rooms? Who has the absolute advantage in installing windows? Briefly explain how you derived your answer.
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