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two men tom hanks and forest gump have been marooned separately on the same deserted island there are two activities
a suppose sugar has the demand curve p 50 - 5q and the supply curve p 5q compute the equilibrium price and quantity
1 what is pareto efficiency why do economists use this criterion for comparing alternative economic systems2 what is a
many economists favor free trade between nations they argue that free trade will increase total world output and make
1 suppose that the us government caps the price of milk at 1 per gallon prior to the cap milk sold for 1 per gallon
1 what is the difference between general and specific knowledge how can specific knowledge motivate the use of
1 a what are contracting costsb give a few examples of contracting costsc what effect does the existence of
in certain professional sports team owners own the players owners can sell or trade players to another team however
critically evaluate the advice of the providence consulting group which recommended to your company that you analyze
suppose that the us government begins charging a 1 sales tax to all consumers for each dress shirt they buya what is
title-loan firms offer high-interest loans the interest rate can exceed 200 percent per year to high-risk customers the
suppose that annual demand in the us market for ice cream cones can be expressed as qd 800 02i - 100p where qd is the
the rent control agency of rochester has found that aggregate demand is p 500 - 5qd quantity qd is measured in
assume that the demand curve for sporting guns is described by qd 100 - 2p and the supply is described by qs -20 p
suppose there has been a storm in nebraska that has destroyed part of the corn crop in the field the demand curve for
suppose that the demand function for wheat is qd 11 - 25p 1i where p the price of wheat and i per capita income the
input cost increases have caused the industry supply curve for golf balls to shift the equilibrium quantity changed but
suppose the demand function for a product is p 100 - 16q 2i where i is income and the supply function is p 13q
suppose that the swiss government wants to encourage good grooming by thun citizens to encourage better grooming it
suppose that the demand curve for wheat is p 100 - q and the supply curve is p q find the equilibrium price and
suppose product a has the demand function qa 10 - 5pa 2pb 001i the initial values of the variables are qa 15 pa 4
suppose your firm faces a demand curve of p 90 - 30q find the revenue maximizing output and price calculate the total
the bjc company has the following demand functionq 300 - 30price 001income currently price is 5 and income is 20000a
last year americans bought 5000 ferraris the average retail price of a ferrari was 100000 statistical studies have
1 what is the difference between a demand function and a demand curve2 how will each of the following affect the