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If the price of corn rose,
a. what would be the effect on the supply of corn?
b. what would be the effect on the supply of wheat?
How many driveways will be shoveled in equilibrium?
A new chemical remediation tank is needed. Current technology tanks, which costs $150,000, MUST BE DRAINED AND TREATED EVERY TWO YEARS AT A COST OF $30,000; THE TANKS WILL LAST TEN YEARS, AND EACH WILL HAVE A SALVAGE VALUE OF 5%. OF FIRST COST.
How might capacity be measured? In what ways is capacity limited by labor constraints and by capital constraints? What are the consequences if demand in the economy exceeds capacity? What signs would you look for?
Assume that the following equations characterize a large open economy: (1) Y = 5,000 (2) Y = C + I + G + NX (3) C = 1/2(Y - T) (4) I = 2,000 - 100r (5) NX = 500 - 500e (6) CF = -100r (7) CF = NX (8) G = 1,500 (9) T = 1,000where NX is net exports, CF ..
Support all arguments using relevant frameworks (e.g. AD-AS) and arguments from class and/or the textbook.
Why are we concerned with the distribution of income between whites and blacks, but not between redheads and blondes?
consider the densityfxx exp-x if xgt0and 0 otherwisefind fy if y 2x1find fy if y x2find fy if y xfind fy if y
Using the following national income accounting data, compute (a) GDP, (b) NDP, (c) NI. All figures are in billions. Compensation of employees U.S. exports of goods and services Consumption of fixed capital (depreciation) Government purchases Taxes on..
Describe how you could use social media to connect with customers, improve customer service, increase sales, and reduce expenses.
Analyze several of your peers' posts. After reviewing their asset choice, do you see anything that may have been overlooked? Given the current market, do you see any potential issues with the asset class chosen
The slope of the demand curve is $0.001 per million miles: For each $0.001 decrease in the price of taxi service, the quantity demanded increases by one million miles.
Why is there an incentive for each member of a cartel to cheat by producing more than the agreed-on amount? What is the "prisoner's dilemma" and how is it related to the problem of cheating? What are the other problems facing cartels?
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