+61-413 786 465
info@mywordsolution.com
Home >> Microeconomics
At the equilibrium price, the demanded is equal to the quantity supplied. At any other price (called a disequilibrium price) there is either a shortage or surplus. Calculate the amount of the shortage at a price of$ 5.30.
Microeconomics, Economics
Question - Janice really likes potatoes. At best any other goods are worth less than a dollar to her, potatoes cost $1.00 per pound, and she has $6.00 that she could possibly spend on potatoes or other items. Suppose she ...
Question: Suppose that twenty-five years ago a country had nominal GDP of $1,800, a GDP deflator of 150, and a population of 100. Today it has nominal GDP of $2,800, a GDP deflator of 270, and population of 180. What hap ...
Question: Assume that your probability of surviving an accident is greater in a car equipped with certain safety features. If so, what will be the likely effect on the number of accidents? Give a numerical example showin ...
Question: Under what conditions would you expect the recent rapid growth rates in the Indian subcontinent and south Asia to continue, and under what conditions are they likely to diminish in the near future? The response ...
Suppose that in a week the price of milk decreases from $3.50 to $3.00 per carton. At the same time, the quantity of milk demanded at a typical grocery store increases from 10,000 to 12,000 cartons per month. What is the ...
Question: Short Essay required Joseph Stieglitz, Nobel Laureate in Economics, has argued that the US should pay for higher education from the general tax coffers. Thus, he proposes a free for citizens higher education th ...
Question: Is the demand curve for children downward sloping? Explain, being careful to specify exactly what you mean by the price of children. What is your evidence? How about the demand for high grades in this course? D ...
Question: Define marginal cost and marginal benefit In New State, the bottling law requires that people get a refund of five cents when they return an empty bottle or can. Why does the state pay people to return bottles? ...
Question: In a certain county, 27% of registered voters are Republicans, 20% are Democrats, and the rest are Independents. 34% of Republicans oppose increased military spending, while 68% of the Democrats and 56% of the ...
Question: The U.S Postal service has been raising postal rates on a regular basis. The service had been losing money. One of the reasons is increased competition from companies such as United Parcel Service and Federal E ...
Start excelling in your Courses, Get help with Assignment Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.
Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p
Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As
Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int
Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As