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Suppose that apartments rent for $1,300 a month in San Francisco, California and $850 a month in Los Angeles, California. If the state of California passes a state-wide rent ceiling for apartments of $1,100 a month, what occurs in the two cities?
As part of the class requirements, our last assignment is a micro economic...
Micro Economic Analysis - Final Discussion Forum As part of the class requirements, our last assignment is a micro economic analysis of a current event/firm. Please, select an article or articles for Wall Street Journal and/or the Economist. The article(s) shall not older than one month old. Your analysis shall not exceed two pages (double spaced). Please use a professional for
Discuss the current rate of unemployment for the US economy (September 2018). Explain the natural ra
Discuss the current rate of unemployment for the US economy (September 2018). Explain the natural rate of unemployment and discuss why some amount of unemployment is inevitable? Post two critical peer reviews
How is surge pricing ensuring the market is allocative efficient?
How is surge pricing ensuring the market is allocative efficient? Explain how consumer and producer surplus change as a result of price surging. Why would these changes upset customers?
Consider the two-period small open economy model, which takes the world interest rate, r, as given. Q1 - C1 - I1 = B1* (1) Q2 + rB1* - C2 = -B1* (2) K2 = K1 + I1 (3) Where Q is output, C is consumption, I is investment, r is interest rate, K is capital and B* is the net claims of a countries residents on residents in the rest of the world. (i.e. if B* is positive
Many people believe that the study of economics is focused on money and financial markets. Based on ...
Many people believe that the study of economics is focused on money and financial markets. Based on your reading of the chapter, how would you define economics?
Consider the following 2 brands. Roots Canada vs essential ( Walmart brand of clothing)
Which brand has a larger elasticity of demand? Explain Assume the market price and quantity are identical, suppose both brand faces the identical negative supply shock, and explain, with diagrams , what happens to the new relative price and relative quantity (are the price/quanti
Modeling and analyzing Consumer Theory using Graphs
I. Model 1. Specify two goods. For example food F and clothing C 2. Specify a consumer’s utility function. For example 𝑢(𝐹, 𝐶) = 𝐹0.5𝐶0.5.
II. Analysis 1. Given the above model, solve the following problems. a. Draw an indifference curve by connecting multiple consumption bundles. b. Derive the marginal subs
MONOPOLY: a) Calculate the quantity effect and price effect of a price cut from $6 to $5. Estimat
a) Calculate the quantity effect and price effect of a price cut from $6 to $5. Estimate the change in total revenue due to the price cut. Explain your answer.
b) Comment on the elasticity of the demand curve between the price range of $5 to $6. Explain your answer
Any help would be appreciated!! Thanks in advance!!
This is for a friend.. Could someone please help with the attached question 7 on economical elasticity.. she tried finding the solution manual for the book but it wasnt available
Should the government provide assistance at taxpayers’ expense to those people w
Should the government provide assistance at taxpayers’ expense to those people who received these sub-prime loans and now have trouble keeping their homes?
Suppose the current price of barley is $70 per tonne and at that price 100,0 ..
Suppose the current price of barley is $70 per tonne and at that price 100,000 tonnes are grown by a Victorian farmer. If the price of barley rises to $30 a tonne and quantity supplied increases to 130,000 tonnes, then using the mid-point method, the price of elasticity of supply for barley equals:
Under the Small Business Health Options Program (SHOP)...
Under the Small Business Options Program (SHOP) provision of the health care plan, a small firm's employees would be pooled with the employees of other small firms. When an insurance plan covers a large number of people. A) moral hazard is reduced B) adverse selection problems are reduced C) asymmetric information issues are eliminated D) negative externalit
Which of the following is true of a certificate of deposit?
Which of the following is true of a certificate of deposit? a. They are accounts at savings and loan associations. b. The funds in this deposit account are not given out in the form of loans. c. The funds in this account must be deposited for a specified period of time. d. The value of the deposit should be more than 100,000. e. The deposits earn v
Your student association is looking for an auditorium to rent for an all-day conference. The univers
Your student association is looking for an auditorium to rent for an all-day conference. The university's Performing Arts Center is vacant on that day, so the association wants to rent it. The physical plant manager tells you that the daily rent is $660, which includes $400 to cover part of the cost paid to build the Center, $40 to cover part of its regular maintenance cost, $5
