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What happens if the price floor is above the equilibrium? and what happens when price ceiling is below the equilibrium?
Imagine you are a manager of a chemical company. An accident has occurred in which chemicals leaked into the ground water nearby, the community is unaware. Assess the costs involved in cleaning up the water immediately (confessing) versus hiding the ..
Illustrate what happens when a per unit subsidy is replaced with a revenue equivalent lumpsum subsidy.
To increase his market share in the fast food market, Jim would like to increase sales of the firegut to 750 per week, what price should jim set?
Calculate the (1) unemployment rate, (2) labor force participation rate, (3) adult population and (4) the total population for the small town with the following statistics: employed = 1,000, labor force = 1,400, Not in the Labor Force = 1,000 and min..
Propose at least three methods that governments should employ to reduce their exposure to asymmetric information problems when attempting to identify entrepreneurial projects supported by public funds
Should the Federal Reserve System control the nation's money supply? Defend your position using economic principles.
Using the Lagrangean multiplier approach calculate the optimal (i.e., service maximizing) combination of medical and social staff. Determine the optimal amount of service provided by BF.
As asset is purchased in September and is being depreciated over 7 years using MACRS 200% Declining Balance depreciation switching over to Straight Line Depreciation, with the mid month convention. In what year should the depreciation method be switc..
Illustrate why is it important for average person to understand the basic mechanisms of supply and damand in the market economy.
How will each of the following affect the supply for insurance?
For the United States, empirical studies indicate that over the past two decades the cost of international transportation relative to the value of U.S. imports has: Should international transportation costs decrease, the effect on international trade..
A movie monopolist sells to college students and other adults. The demand function for students is QdS = 800 100P and the demand function for other adults is QdA = 1800 100P. Marginal cost is $2 per ticket. What prices will the monopolist set when sh..
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