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Two major highways that affect traffic flows in Orlando include Interstate 4 (I-4) and State Road 408. Motorists are not required to pay a toll to drive on Interstate 4, whereas they are required to pay a toll to drive on State Road 408. If at a given time of day State Road 408 is uncongested, then it could be considered to possess the properties of a:
private good
club good
common property good (or common property resource)
public good
Elucidate what data or other factors that monetary policy makers, firms, and workers might analyze in attempting to determine if the decline in the real exchange rate is temporary or will persist.
Do these public goods conform to the law of demand. For which public supplies is demand price elastic.
Indicate whether each of the following involves an upward or downward shift in the long run average cost curve or instead, involves a leftward or rightward movement along a given curve. Also indicate whether each will have an increasing, decreasing, ..
Assessing the development of the discipline from today's perspective, how would Keynes's impact compare with that of your candidate.
Increasing the minimum wage will result in a decrease in employment for workers who now earn less than the new minimum wage.
q1. at equilibrium price an item is selling for 30 a unit. at this price consumers demand 100 units. if government
Show using appropriate graphs the optimal pricing of public transportation. In particular, show what the optimal pricing would be under a) no traffic congestion and b) some traffic congestion.
What happens to the income of a factor of production when it becomes more mobile? Other things being equal, would the income to the owners of this factor rise or fall? Why?
Suppose that real domestic output in an economy is 300 units, the quantity of inputs is 50 and the unit price of the input is $9. The level of productivity and the per-unit cost of production are, respectively:
To reduce the construction of big luxury apartments, the Chinese government requests that at least 70% of the new apartments must not exceed 90 square metres. Use a diagram to show and explain how this policy affects the equilibrium price and quantit..
Consider a company that produces dog toys. The only resources that the company uses to produce these toys are Capital (i.e. machines and raw materials) and Labor (i.e. workers). The company sells 10,000 toys a month at $100 per toy. Write down the to..
Antitrust authorities at the Federal Trade Commission are reviewing your company’s recent merger with a rival firm. The FTC is concerned that the merger of two rival firms in the same market will increase market power. A hearing is scheduled for your..
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