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Suppose the demand for apartment rentals in Los Angeles is Q = 1000 - P and the supply of apartment rentals is Q = 4P
Part 1 - What is the equilibrium price and quantity of apartment rentals in LA?
Part 2 - Suppose the government imposes a price ceiling of $150. What is the impact on the equilibrium outcome?
Part 3 - Does this price ceiling necessarily increase consumer surplus? Explain.
A young engineer wishes to become millionaire by the time he is 60 years old. He believes that by careful investment he can obtain a 15% rate of return. He plans to add a uniform sum of money to his investment program each year, beginning on his 20th..
suppose the united states economy is represented by the following equationsz c i g c 500 .5yd t 600 i 300yd y -
Determine the impact of global financial crisis of 2008-2009 on the economies of industrialised nations and emerging markets. Discuss what effect do problems like these have on attitudes towards free trade?
"Monopoly" Please responds to the following: Identify a company in your local area that you would classify as a monopoly. Describe why you classified the company as a monopoly and state how the company relates to at least two characteristics of that ..
Describe the opportunities that might be available through better use of information technology (IT) in the U.S. health care system. What might explain the system's failure to better capitalize on these opportunities
A. Assume that ? = 1. What is the real interest rate, equilibrium level of output, consumption, planned investment, and net exports? B. Suppose the Fed increases r' to r' = 2. Calculate what happens to the real interest rate, equilibrium level of ..
Answer the following scenario thoroughly utilizing key terms and concepts covered in the previous units reflecting full understanding of the concept of macro economics as it relates to the scenario described. Provide examples and clear rationaliza..
Discuss the difference between monopolistic competition, and perfect competition market models and also provide examples from the real life.
Maria is training for a triathlon, a timed race that combines swimming, running and biking. Because her pool sessions are helping her swim more quickly, Maria plans to reduce by one hour per week the time she spends training on the bike and increase ..
in a competitive industry the short-run average variable cost avc of a firm isavc 600 - 20q - 0.5q2a. derive the firms
a. How many different possible dial combinations are there for this lock b. What is the probability that if you randomly select a posi- tion on each dial, you will be able to open the bank vault c. Explain why "dial combinations" are not mathematical..
The government make a decision to finance the increased expenditures need to close the GDP gap, by rising taxes. Determine the necessary changes in government spending and taxes to close the GDP gap?
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