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What is the difference between price ceiling and a price floor? If a price ceiling for a good is set below the market equilibrium, what will happen to the quality and future availability of the good? Explain.
You are the CEO of a Fortune 500 company. You have two objectives: 1. invest $5 million cash on hand short term (overnight to one month); and 2. borrow $100 million for your firm’s working capital needs.
Briefly explain the disparities we observed in level of economic development in the world today. According to easterlin, why is substantial formal education system necessary for sustain economic growth? what are some of the characteristics of that ed..
Please label the x and y axes, the supply & demand curves and the equilibrium points. You do not need to use any actual numbers. Then, analyze how the changes described in each case affect the equilibrium price and quantity of airline tickets for eac..
Write down an expression describing total income from tickets plus popcorn plus other concessions. Forecast total incomes for regular also special Tuesday-night pricing.
If a perfectly competitive firm raises its price above the prevailing market rate, how much of its sales might it lose? Why? Can a competitive firm ever raise its prices? If so, when? How does an employer-paid Social Security tax on wages affect a co..
Suppose you are a marketplace analyst specializing in theme parks also you're examining Disneyland's stock.
A temporary group of employees responsible for bringing about a particular change is a
You are considering entry into a market in which there is currently only one producer, the incumbent monopolist. If you enter, the incumbent can take one of two strategies, price low or price high. If they price high, then you expect a $60k profit pe..
Explain why it is in the best interest of society to treat these types of property the same or differently.
When a society under allocates resources to the construction of a good or service, it indicates
Locate an academic article published within the last 3 years that addresses some aspect of contracts. Why is the author writing about the subject? What is the thesis of the article? What are the key points/facts presented in the article? What are the..
Determine whether each of the following would cause a shift of the aggregate demand curve, a shift of the aggregate supply curve.
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