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What are the different options local governments have to influence where land uses end up? What are some of the efficiency/equity implications at stake?
Illustrate what way does investment multiplier defend the policy of public workson the part of the state during business depression.
What is the total market demand for polyglue at the price established by Alchem in Part (a). How much of the total demand do the follower firms supply?
For retirement planning, you decided to deposit $1,000 per month and increase your deposit by $100 per month. How much will you have at the end of 10 years if the bank pays 3% annually, compounded monthly?
Able Widget Co. is the only producer of widgets, which it can produce at a cost of $2 per widget. The demand for widgets is w=14−p. How many widgets would Able produce, what would be the price, and how much profit would Able make, if it maximized its..
A monopolist faces an inverse market demand P(Q) = 200 − 1 2Q and a marginal cost of MC(Q) = 20 + Q. What is the unregulated monopolist’s optimal quantity? What would an appropriate regulatory instrument to bring this market back to efficiency? What ..
In 1963, South Korea abandoned its former emphasis on import-substitution industrialization (ISI) in favor of export-oriented industrialization (EOI). Discuss three explanations for this shift in economic strategy. Which is the more convincing? Justi..
A university schedules summer school courses based on enrollment. The cost for faculty compensation, laboratories, student services, and allocated overhead for a computer class is $8500. If students pay $420 to enroll in the course, how large would e..
The quantity of pizzas demanded soared the following week from 1 pie an hour to 100 pies an hour. Illustrate what was price elasticity of demand for Domino's pizza.
Should price increases for products in demand be allowed during extreme times of demand ( e.g.; bags of ice, water or hotel rooms during a hurricane crisis)? Defend your position using economic principles?
A farm must decide whether or not to purchase anew tractor. The tractor will reduce costs by $2,000 in the first year,$2,500 in the second and $3,000 in the third and final year of usefulness. The tractor costs $9,000 today, while the above cost savi..
Explain why firms should not shut down in the short run until price falls below average variable cost. 3. Suppose your economics professor publicly states that she grades on a curve
Suppose the powers-that-be think the llliana Expressway is a good project and they proceed to bulid the section that links up Interstate 355 over by Joliet down to Interstate 65....right by the sleepy hamlet of Lowell, Indiana. Assume that Lowell pre..
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