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In the context of questions 1 and 2 above.
a. What are the market equilibrium price and quantity?
b. What is the effect of a price ceiling of 16?
c. What is the effect of a price floor of 24?
d. What would happen (compared to 3a above) to the market equilibrium price and quantity, to the demand curve, and to the supply curve if there were a decrease in personal disposable income in the U.S.
e. What would happen (compared to 3a above) to the market equilibrium price and quantity, to the demand curve, and to the supply curve if there were a management innovation which lowered the cost of making the product.
If the government imposes a ceiling of $6 on the price of the firm's product, Illustrate what output will the firm produce also Illustrate what will be total profits.
How much is she actually paying the credit card company, including interest, when her credit card is paid off?
If the original supply curve of cocaine on the streets was horizontal, what is the net effect of police activities on the market for crack in this city. Compute the value for p that prevails before police intervention in the market.
One months ago, they added five workers and productivity also increased by 50,000 pages. Copiers cost about twice as much as workers. Would you recommend they hire another employee or buy another copier.
Explain how will this combined tax-transfer policy affect aggregate demand at current prices.
For what type of goods does law of one price hold quite well. Since PPP rarely holds at any point in time, is re any substantive meaning to terms overvalued or undervalued currency.
What is the probability that a test comes back positive-indicating oil - what is the probability that there is oil in teh ground, if the test comes back positive - Global Energy Outlook
Illustrate what is the present worth of the planned expenditures at an interest rate of 10% every year
What is the relationship between a firm's total revenue, profit, and total cost and define economies of scale and explain why they might arise. Define diseconomies of scale and explain why they might arise.
The number of days' sales in inventory. Round to nearest dollar and one decimal place. Illustrate what conclusions can be drawn from these data concerning the inventories.
illustrate what is the real GDP in every yr, given which the price index has risen from 100 to 104.5 in the 1st yr also up to 108.3 in the 2nd yr.
Write expressions for total revenue and marginal revenue as a function of the number of tickets sold and compute the profit-maximizing quantity of tickets.
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