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1 explain what are price ceilings and price floors and how they effect the market for a good or service also show through graphs if they cause any
1 through graphs describe the relationship between the price p and the average total cost atc for a firm in perfect competition when it earns an
1 ayanna grows herbs last year she grew 2000 pounds of herbs in a year while using 250 square feet of land and 1 worker this year she doubled her
1 explain-a tragedy of commonsb free rider problemc diminishing marginal utilityd diseconomies of scalee tax incidencef elasticityg gains from
1 how does the marginal social benefit curve of a common resource compare to the marginal social benefit curve of positive externality from a
expectations played a major role in keynes theory of the determination of aggregat output and employment in market economies in the short run
much of undergraduate macroeconomic theory is discussed on the assumption that in the short run the expectations of economic agents about the future
a monopolist faces the following demand function for its product q 45 - 5p the fixed costs of the monopolist are 12 and the variable costs are 5
if the short run method to produce q quantity is with full time workers l0025q cost of worker in the short run is w20226154 how do you derive the
consider an economy with high innovative potential but where saving is insufficient to fund innovative investments use garrisons capital-based
consider an economy in which technological capabilities become obsolete use the solow-swan model and the knowledge spillover model to explain how its
suppose a government uses an expansionary fiscal policy to get out of a recession use the islm model and the is-pc-mr model to explain what monetary
a referring to the table below and using the rule of 70 comment on long-term changes in the standard of living in the united states b
instructions to students1 answer all the questions using economic models where appropriate begin a question on a new page2 please attach a copy of
explanatory research is research conducted in order to describe any behavior in the market it could be done by using questionnaires group discussions
a control in economics means a steady profit rate that is enhancing thus after one year you could have pound1mill profit then the next year
a increase in technology and productivity take effect in the red bull market use and label a graph to explain the result of this change on each of
this problem continues the analysis from question 2aanother economic study finds that the marginal cost mc to farmers of nutrient runoff abatement is
the vast majority of corn and soybeans produced in the united states is grown in the midwestern states including nebraska iowa illinois indiana and
you are tasked with evaluating a project for reducing nutrient nitrogen and phosphorus loading into the gulf of mexico gom these nutrients make their
suppose you are a regulator in charge of allocating water between residential and agricultural users farmers in southern california you conduct a
the us government decides to subsidize solar panels for each unit sold the government pays t to the buyer using a graph show how this subsidy affects
what is the importance of microeconomics in study of managerial economics normal 0 false false false en-in x-none x-none
suppose d1 represents the demand curve for paperback novels d2 represents the demand curve for gasolines1 represents the supply curve for paperback
carmen the queen of electra is concerned over what she believes is an excessive consumption of electricity consequently she proposes an excise