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Question: 1. Consider a policy to help struggling farmers by setting a minimum trade price for wheat. Will this be an effective way to increase their surplus? Explain.
2. If rent control creates deadweight loss for both consumers and suppliers of housing, why are consumers often in favor of this policy?
suppose that two countries a and b have the same rates of investment and depreciation the same levels of productivity
the cost and demand schedules for a market are given
Why would environmentalists prefer oil companies to be sole proprietorships ith extremely rich owners instead f corporation?
National Motors must build a bridge to access land for its manufacturing plant expansion. If made of normal steel, the bridge would initially cost $30,000.
Discuss why some countries have different growth rates compared to the countries.
The labor demand and supply curves are respectively: Ld = a+b·w and Ls = c+d·w, where a, b, c, and d are parameters of the model, w is the wage, Ld and Ls denote labor demand and supply, respectively.A. What are the values of the parameters c and d t..
It sells for $10,000 (with helium) and will produce 4 kilowatts of electricity at its ground station. If the cost of electricity is $0.08 per kilowatt-hour, how many months must a purchaser use the system at full capacity to recover the initial in..
make a case for the notion of a negative or positive externality. show model that illustrate how to internalize the
Describe what sort of market failure exists in the market you chose. Describe an action has our government taken in order to provide this good or service.
It currently costs 500 dollars to install a new shower in your house. A new law requires each new shower to come with digital hot and cold water controls instead of old fashioned knobs that everyone uses today, installing the digital control costs th..
Describe several different fixed costs and variable costs associated with operating an automobile - Which costs would you take into account in making your decision, fixed costs, variable costs or both?
Pay $30,000 at the end of each year, starting one year after purchase, for the next five years. If the inflation rate is assumed to be 5% per year.
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