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If the consumer surplus is small, does it mean that the demand will be greater for regulation or the supply will be smaller for regulation?
Question: What does it mean for the good to be elastic, inelastic, or just unit elastic?
When might each of the following two rules be appropriate? (a) Maintain a constant interest rate. (b) Maintain a constant money supply.
Discuss the factor(s) that determine the slope of the LM curve and whether an increase in theses factor(s) will make the curve flatter or steeper.
If you have two items that are complements in consumption and the price of one of them goes up, what happens to the demand of each of the items?
Would an economists say that the burden of the FICA tax is shared equally? Why or why not?
Question: Explain a real world factor that plays an important role in competition.
The United States presently has a current account deficit with Japan. Incorporate that foreign exchange market into your answer.
Draw a correctly labeled graph of supply and demand showing the equilibrium price and quantity. Also clearly identify the equilibrium in this market.
Related industry/areas that have had high job growth rates explain a scenario that would cause a shift in labor supply and demand.
Demonstrate graphically how regulating the price of a monopolist can both increase quantity and decrease price.
Describe wage determination in a labor market in which workers are unorganized and many firms actively compete for the services of labor.
Draw out multiple supply graphs and identify and explain and affect on quantity and price: 1) Elastic Demand Curve, 2) Perfectly Inelastic Demand Curve
Question 1. List the three basic questions of economics. Question 2. About how many business firms in the U.S. are proprietorships?
Question: Describe the market structure of the semiconductor industry?
How do you think the higher demand has affected the equilibrium wage? In which direction do you think the labor supply and demand shifted?
o How the economy affects the success of your chosen industry. o Economic influences that can affect the industry in a negative way.
Write a scenario that would cause a shift in labor supply and demand. The following areas have had high job growth rates and can be used for your scenario:
Graph Home's and Foreign's production possibility frontier. What are the prices of apples in terms of bananas in both countries in the absence of trade? Why?
Go to the Discussion Board and identify one decision that JTI managers must make in each of the six value chain functions for this product.
Suppose total benefits and total costs are given by B(Y) = 100Y-8Y(squared) and C(Y)=10Y(squared). What is the maximum level of net benefits?
Locate an article pertaining to a change in the supply, demand, and pricing of a particular product or service.
Explain the difference between economic profits and accounting profits.
a. What is the demand curve b. Given the demand curve in part a, what is the equilibrium price and quantity.
I don't understand how a price ceiling undermines the rationing function of market determined prices.