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The author defines market equilibrium as generating the largest possible total surpluses and being efficient when four conditions are met. What is meant by "total surpluses", and what are the four conditions that must be met? Can you name a market in which these conditions exist?
Crowding out occurs when
Hedging: The Zinn Company plans to issue $12,000,000 of 20-year bonds I June to help finance a new research and development laboratory. Use this information to create a hedge against rising interest rates.
Some economists and policymakers argue in favor of replacing the current income tax in the USA with consumption tax. What are your opinions on the issue? How do think such change impacts your income and expenditure pattern? Which tax methods do you p..
A certain college graduate, Sallie Evans, has $24,000 in student - loan debt at the end of her college career. The interest rate on this debt is 0.75% per month. If monthly payments on this loan are $432.61, how many months will it take for Sallie to..
Who are the informal and formal gatekeepers in the community? Provide a rationale for your answer that includes how and why you identified these gatekeepers. What are the next steps for gaining buy-in from these gatekeepers, and why? Provide a ration..
Trade restrictions will stop foreign imports which will increase American employment and protect American jobs
Write a paper of 500 words, not including the title and References page, that analyzes the need for health care reform. Include the following in your paper: Identify concerns about cost, quality, and access to the current U.S. health care system. Ans..
q.suppose the state is trying to decide how many miles of a very scenic river it should preserve. there are 100 people
Mike spends all his money on Jelly Beans and Gummy Bears and these two products are perfect substitutes for Mike. A few of Mike’s indifference curves are shown in the figure below. The dark line L is Mike’s budget line at current prices.
Assume that the demand for oil is D (P, δ) = δ-where the variable δ is an exogenous demand shifter. The short run supply of oil is S(P) = (P-3)/2. The baseline case is δ=6. Assume that this is a free entry market. Calculate the long run equilibrium p..
The widget market is competitive. The market demand is P= 30-0.05Q, while the market for supply is Q= -100+20P. The firms are identical, and a typical firm is known to have an AVCi = 5+0.5Qi with an overhead of 200. Derive the competitive equilibrium..
Discuss your perspective on the use of game theory. How do "Nash Equilibrium" and the idea of one "player" impacting another "player" within an organization affect the economic decisions and growth of an organization?
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