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Question: 1) A key skill in economics is the ability to use the theory of supply and demand to analyze specific markets. In this week's discussion, you get a chance to demonstrate your ability to analyze the effects of a "shock" to the market for the construction of new residential and commercial real estate. Make sure to support your idea with at least one source.
Scenario: Suppose that the U.S. government increases the tariff on imported steel. Will this affect the supply or the demand for new real estate? Why? Which determinant of demand or supply is being affected? Show graphically with before- and after-curves on the same axes. How will this change the equilibrium price and quantity of real estate? Explain your reasoning and include one credible source. If you are unable to develop a graph digitally, draw your graph by hand, take a picture, then upload it to your discussion post.
Let the monthly labor demand in Chapel Hill be given by D(w) = 30,000 × (40 - w) hours, What is the hourly wage in Chapel Hill
Show, using Shorthand Economic Form, how you would calculate an equivalent uniform annual amount for cash flows of 800, 200 and 700 in years 1 -3 respectively with an annual interest rate, compounded annually, of 8% for year 0 – 1, 10% for year 1-2 a..
If Congress wants to use fiscal policy to prevent a recession, suggest whether they should cut taxes if there is a suspicion of a recession, cut taxes when there is confidence that a recession will happen
Show that the value of Y that yields indifference between the two alternatives in Figure 14.12 is within about 4% of the risk tolerance R.
An engineering student is deciding whether to buy two 1-semester parking permits or an annual permit. Using the dates and costs for your university.
An aerodynamic three-wheeled automobile (the Dart) runs on compressed natural gas stored in two cylinders in the rear of the vehicle.
A study of the amount of violence viewed on television as it relates to the age of the viewer yielded the results shown in the accompanying table for 81 people. Do the data indicate that viewing of violence is not independent of age of viewer, at t..
1.given the demand curvep 20-0.5qwhere p is the dollar price per unit and q is the number of units sold per month and
At the same interest rate, what would be the value of Q in 10 years?
Draw the budget constraint for a world with both fixed time costs and fixed money costs of working. What is the effect of fixed costs on the reservation wage?
A plant has four warehouses (a, b, c, and d ) to ship the products to customers directly. The warehouses a, b, c, and d have 14, 16, 17, and 15 units in stock, respectively. The customer's demands are 18, 19, and 20 units for x, y, and z. The cost..
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