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Suppose that the government places a ceiling on the price of Internet access below the equilibrium price.a. Show why there is a shortage of Internet access at the new ceiling price.b. Suppose that the black market for Internet providers arises, with internet service providers developing hidden connections. Illustrate the black market for inter access, including the implicit supply schedule, the ceiling price, the black market supply and demand, and the highest feasible black market price.
If instead local ordinances granted the households the right to be free from the pollution, could an efficient outcome be achieved by voluntary exchanges between the households and the O&Gs Would the households be better off or worse off than if t..
If the reserve ratio is 15 percent and commercial bankers decide to hold additional excess reserves equal to 5 percent of any newly acquired checkable deposits, then the relevant monetary multiplier for the banking system will be:
imply a lower standard of living in every of the three nations compared to the situation where they are united into a single new country.
Compute total revenue, marginal revenue, total cost and profit at each quantity. What quantity would a profit-maximizing publisher choose? What price would it charge?
what is likely to happen to the curve if wage indexation becomes more widespread? Illustrate your answer on the graph.
The Haas Corporation's executive vice president circulates a memo to the firm's top management in which he argues for a reduction in the price of the firm's product. He says such a price cut will increase the firm's sales and profits. a. The firm'..
Sun City, Arizona, a retirement community that features full service living arrangements, is planning two proposals to provide lawn care to elderly residents.
In the early part of the past decade, there was an overproduction of coffee. The value dropped so low that manufacturer' costs were higher than the market value.
At which point do you reach equilibrium. Also explain why is that considered equilibrium.
Elucidate policy or policies may be required to ensure the rate of inflation is low
Illustrate what recommendations do you have for Speedy to offset the impact of their increasing costs. What recommendations do you have for Speedy to increase their total revenues.
Would you assume this as an externality, and if you do, what would you suggest be done about it.
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