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Many U.S.? cities, especially those with large populations of? renters, have rent controls.
Suppose that San Francisco sets a rent control of $400 per month on? one-bedroom apartments. The graph on the right shows this situation.
The rent control will create a _____ of apartments equal to______
Fill in blanks?
How do the instruments of contraction monetary policy work in principle.
Give an example of how the Principle of Opportunity Cost applies to your life. Think of a recent decision you made. It could be a decision as simple as whether to eat out or cook your own dinner, or it could be a decision to quit your job and go back..
The national debt of many developed nations is projected to grow to unsustainable levels. Why might national legislatures welcome higher inflation? Does inflation offer a means for a country to finance its increasing debt?
A subsidy on exports is, in a sense, the opposite of a tariff on imports. If a tariff lowers efficiency, would you expect a subsidy to increase efficiency or lower it? How do tariffs and subsidies compare in the way they distort trade according to co..
If one defines incremental cost as the change in total cost resulting from a decision, and incremental revenue as the change in total revenue resulting from a decision, any business decision is profitable.
Explain in detail rather than general in your recommendation.
Suppose you take out a $11000 loan at 10% in year one and pay it off with a single payment in year two. If your tax rate is 40%, what is the change in net cash flow in year two?
If you were the angel investor, what is your certainty equivalent for these two projects? Are you risk averse, risk-neutral, or risk-lover.
A person is using the normal distribution to determine the safety stock for a product. What "z" value would be associated with a 90 percent service level? Suppose that lead-time demand is normally distributed with a mean of 100 units and a standard d..
What is this firm’s marginal cost function? Over what range of output are the firm’s marginal costs decreasing? Increasing?
If one country has per capita income of $15, 000 and its economic growth rate is 5 percent per year, what will its per capita income be in 10 years? About how many years will it take to catch up to a country where the per capita income is $30, 000 pe..
Suppose that in a year an American worker can produce 100 shirts or 20 computers and a Chinese worker can produce 100 shirts or 10 computers. Explain at what price of computers (in terms of shirts) the two countries might trade.
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