What would be the new equilibrium price and quantity
What would be the new equilibrium price and quantity if the demand and supply curves are Qd=1000-200*price, Qs=800*price a $0.5 excise tax is levied o oranges.
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Determine the price elasticity of demand for the following demand functions: Q = 2000 - 0.5P^3 for P=15 (0.5 multiplied by p cubed)
How much would the firm be willing to pay for such a device when a device is invented that would reduce the firm's emissions to one unit for each town of output (e=q).
Students are given 3 chances to pass the basic skills exam for permission to enfoll in calculus I. 60% of the students pass on the first try; of those that fail on the first try, 54% pass on the second try; and, of those remaining, 48% pass on the
There are 3 states of nature, A, B, and C and no inflation. We observe the following asset prices. The risk-free real rate is 2%. A stock with no dividend yield, its price goes up either 2% or 15% or -10%.
Discuss why the human beings decide to get addicted in smoking from both 1) classical and 2) the behavioral economics perspectives by addressing their differences in the rationality assumptions and the views for human nature.
A study of commuting times reports the travel times to work of a random sample of 50 employed adults in New Your State. The mean of this sample is 31.25 minutes. In various other studies, the commuting times of travel to work have a mean of 35.3
Discuss what research approach that a behavioral economist may use to study addiction in the smoking and discuss how this research approach would be different from that of a classical economist.
Demonstrate how the government balances the social cost of crime with the law-enforcement costs and explain how the criminals balance the value of illegal activity with the probability of arrest.
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