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Rent controls place price ceilings on rents at levels below market equilibrium rental rates for the stated purpose of making housing more affordable for low-income families. Using demand and supply analysis, answer the following questions:
How does imposing rent controls affect the number of housing units available to low-income families? Illustrate your response using graphs.Under rent controls, can all low-income families get rent-controlled housing?
Who gains from rent controls? Who loses?
What alternative policy would you propose to make plenty of housing available to low-income families that would not be subject to the problems of rent controls? Illustrate the effects on supply and demand from part 1.
Illustrate what will be the impact on American business, in terms of how businesses create value by integrating the production and distribution of goods, serivces, and information. How would this affect your business career.
Illustrate what is the tolal accounting cost. Illustrate what is the total economic cost. Elucidate why these are different in this way.
BK Books is an online book retailer that also has 10,000 "bricks and mortar" outlets worldwide. You are a risk-neutral manager within the Corporate Finance Division and are in dire need of a new financial analyst. You only interview students from ..
You are the manager of a racquet club and you want to determine the best price for local rentals. Assume that the marginal cost of providing lockers is zero and the monthly demand for lockers is estimated to be best described as fitting the equati..
In a country with a market economy, the owners of firms (businesses) are, to use Gwartney, et. al.'s term, residual claimants. What are the implications of this particular characteristic of business owners? How do other citizens within the country..
Are you a Classical or Keynesian economist? Pick a perspective and defend.
Between your answers to parts b and c, which prices/capacity are best applied from a social welfare perspective? Why?
Illustrate what the government should do about it, how would each economist explain unemployment and what policies would each advocate.
Explain the nation will move toward an international monetary system or fixed exchange rates in the future.
Suppose that a competitive industry is in long Run competitive equilibrium. Then the price of substitute good (in consumption) decreases. What will happen to the short run to
Suppose that your business or organization has obtained a reliable growth forecast of the U.S. and local economies for calendar year 2013. Nature of my Business: I run an Automotive Paint Store that sells paint to the Independent Body Shops.
Each manufacturer offers its own unique versions of flat-panel TVs in differing arrays of shapes and sizes. As usual, each is hoping to maintain a stream of economic profits earned since it first introduced these most recent models late last year.
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