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What is likely to happen to the supply of any good when a price ceiling is imposed?
A. Surplus
B. Shortage
C. Stays the same
D. Increases
Business Economics, Economics
If unemployment rate is 5.5% and underemployed, unemployed and discouraged workers is 8.4%. What is % of underemployed and discouraged. Is it as easy as just 8.4-5.5?
A lottery game has balls numbered 1 through 19. What is the probability of selecting an even numbered ball or a 9
A random sample of 15 drivers from Montana and finds that they drive an average of 12,895 miles annually with a standard deviation of 3801 miles. Find the 96% confidence interval for the population mean of miles driven. ...
If the cost of vacation is $9,384.44, What would be the annual compound interest rate that would let their saving account accumulate to meet their vacation costs?
What is the supply curve, how do you apply the law of supply in economics?
First two questions, Demand: Q d = 175-.5*P Supply:Q S = 1.923*P - 163.462 There is a $50 unit tax on the supplier side. what is the new equilibrium price? I know the new price is 179, looking for the formula explainin ...
Assume that your business firm is a price taker and that the company sells widgets at $10 apiece. Your firm is maximizing profits. One of your engineers discovers the presence of a substitute input that enables you to cu ...
Example of a utility function which doesn't have a solution to the consumer utility maximization problem for strictly positive prices p >> 0 and income y > 0.
The Power of the Market - 1990 Watch and discuss the video - The Power of the Market http://www.freetochoose.tv/program.php?id=ftc1990_1&series=ftc90 Links to an external site. By discuss I mean: Overall, what did you ...
Suppose that Serendipity Bank has excess reserves of $12,000 and check able deposits of $150,000. If the reserve ratio is 20 percent, what is the size of the bank's actual reserves?
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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
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