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Suppose demand and supply are given by Qd = 100 - P and Qs = 2P + 25.
1. What are the equilibrium quantity and price in this market?
2. Determine the quantity demanded, the quantity supplied, and the magnitude of the surplus if a price floor of $ 40 is imposed in this market.
3. Determine the quantity demanded, the quantity supplied, and the magnitude of the shortage if a price ceiling of $ 15 is imposed in this market. Also, determine the full economic price paid by consumers.
The nation of Wrexington utilizes the same method to Compute the unemployment rate as the U.S. Bureau of Labor Statistics utilizes. From the data below, Compute Wrexington's unemployment rate.
Consider a couple's decision about how many children to have. Assume that over a lifetime a couple has 200,000 hours of time to either work or raise children.
Illustrate what would happen to the total employment, the size of the labor force, and the unemployment rate? Show the results graphically.
Use indifference curve analysis to show how the Social Security pension system can reduce annual consumption for some workers who have a strong preference for current versus future consumption.
Rotor Turbine Engine Company needs a new automated gear production machine. It has two bids with associated estimated data: Use IRR and incremental analysis to determine which company to recommend, if any, given an MARR of 12% per year compounded ann..
He starts this year with nothing in the bank and ends next year with nothing in the bank. Draw his budget constraint in E1 - E2 space.
The higher the percentage of debentures, the greater the risk borne by each debenture, and thus the higher the required rate of return on the debentures.
Integration of E-commerce and ERP Systems with other ICT (information and communication technologies) to create value for customers and shareholders.
Rex Hofer has determined that demand for his product is given by Q = 180 - 5P and a cost equation given by C = 75 + .3Q. Determine the optimal price and quantity for the firm. Suppose that costs change to C = 25 + .4Q. Determine the new optimal price..
Distinguish between the two types but knows the probabilities of each type. What would be the result in this market for loans.
What is the actuarially fair price of insurance? What price are individuals w/$5000 in the bank willing to pay for the insurance?3. Will those w/$5000 in the bank voluntarily purchase insurance?
Explain the three main topics that macroeconomics is concerned with. Explain the major critics of how unemployment is measured. Explain how consumption and savings are correlated. Please explain the causality of one variable on the other (use a graph..
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