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When the government imposes a price floor above the market price, the result will be that:
surpluses occur.
shortages become a problem.
supply and demand will shift up to the new equilibrium.
a price ceiling set above the equilibrium price will have no effect on the market equilibrium.
If a second McDonald's franchise, Mac Junior, was to move into Obscure City. Elucidate what is the market price that would prevail at equilibrium in a Cournot oligopoly.
Assume that demand for a commodity is represented by the equation P = 10 – 0.2 Q d, and supply by the equation P = 2 + 0.2 Qs where Qd and Q s are quantity demanded and quantity supplied, respectively, and P is the Price. Use the equilibrium conditio..
q1. tetrangle manufacturing has fixed costs of 2160 per day. the firm manufactures bicycle component upgrade kits. the
What happens if the FOMC members DISAGREE on what to do with Monetary Policy? How is a compromise or resolution reached?
The discount rate for the stock is 15% and the rate of return on reinvested earnings is also 15%
You have initial wealth of $500 and are offered the following gamble. You flip a coin and if you get heads, you win $1000. If you get tails you lose $500. What is the expected value of the gamble?
Conflicts of interest are an ethical problem for a business because they _______. One of the biggest issues in consumer privacy is when _______. Which of the following is the best definition of privacy?
The following is a labor supply function: Wage per hour Quantity of Nurse Supplied $2 1 4 2 6 3 8 4 10 5 12 6 Nurses are used by the clinic to provide clinic visits.
Do you think that the tit-for-tat strategy will be successful in maintaining cooperation in cases where the repeated prisoners dilemma is being played with a finite time horizon (i.e. players know when the game will end)? Explain. Imagine that you ar..
What is meant by the productivity? What are the factors of production that limit any nation ability to produce wealth?
The CPI for 2009 was 195 but i know that the imfataion rate couldn't habe been as high as95% in 2005". In your answer carefully explain what the value of CPI means.
What is the profit-maximizing rate of output for the firm?( b ) How much profit does the firm earn at that rate of output?
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