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External link to Consider the sale or possession of illegal drugs and the effect of drug prohibition laws in terms of supply, demand and price elasticity of demand.
Economics Writing Help

Consider the sale or possession of illegal drugs and the effect of drug prohibition laws in terms of supply, demand and price elasticity of demand.

a. Consider the sale or possession of illegal drugs and the effect of drug prohibition laws in terms of supply, demand and price elasticity of demand. Suppose that there is a drug raid in the city where drug enforcement authorities manage to confiscate a substantial amount of cocaine supply. As a result of this, the quantity demanded for cocaine drops from 1,000 grams to 600 […]

External link to The question I’m having difficulty with is: Find the short run profit maximizing level of output and profit if the price of output is 30, and again…
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The question I’m having difficulty with is: Find the short run profit maximizing level of output and profit if the price of output is 30, and again…

The question I’m having difficulty with is: Find the short run profit maximizing level of output and profit if the price of output is 30, and again if the price of output is 12.5. Then, if there are 80 firms in the short run, and the market demand is P=-2(quantity demanded) + 1000, explain why P=60 is not the SRCE price. Find the SRCE price. […]

External link to Ask any economist, the production and sale of any good is the key to strong economic
Economics Writing Help

Ask any economist, the production and sale of any good is the key to strong economic

Ask any economist, the production and sale of any good is the key to strong economic performance, growth, and “economic” sustainability. Ask any environmentalist and the production of our goods is one of the causes of natural environment depletion and pollution. Ask a sociologist or psychologist and she may tell you that she has learned that marketing may cause psychological or sociological pollution as well. […]

External link to PROBLEM #5 [5 points]: Imagine that you are perusing a copy of the Auto Trader magazine in search of a used car.
Economics Writing Help

PROBLEM #5 [5 points]: Imagine that you are perusing a copy of the Auto Trader magazine in search of a used car.

PROBLEM #5 [5 points]: Imagine that you are perusing a copy of the Auto Trader magazine in search of a used car. Suppose that there are 50 cars offered for sale and 50 buyers interested in a used car purchase. You know that sellers of “Lemons” (bad quality cars) would be willing to accept $4000 and that buyers would be willing to pay up to […]

External link to Suppose that the following equations describe an economy. (C, I, G, T, and Y are measured in billions of dollars, and r is measured as a percent; for…
Economics Writing Help

Suppose that the following equations describe an economy. (C, I, G, T, and Y are measured in billions of dollars, and r is measured as a percent; for…

Suppose that the following equations describe an economy. (C, I, G, T, and Y are measured in billions of dollars, and r is measured as a percent; for example, r = 10 = 10%) C=170+0.6(Y-T)T=200I=100-4rG=350(M/P)^d=L=0.75Y-6r(M^s)/P=735a. Derive the equation for the IS curve (Hint: It is easier to solve for real output Y here)b. Derive the equation for the LM curve (Hint: Again, it is easier […]

External link to Assume the price elasticity of demand for physicians’ services is -0.2. If your marginal cost per visit is $20, what is your profit-maximizing price
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Assume the price elasticity of demand for physicians’ services is -0.2. If your marginal cost per visit is $20, what is your profit-maximizing price

Assume the price elasticity of demand for physicians’ services is -0.2. If your marginal cost per visit is $20, what is your profit-maximizing price if you control 5% of the market? What is your profit-maximizing price if you control 15% of the market? What lessons do you draw from this information?

External link to 1) Which of the following is NOT a lesson that economist have learned from the crises that have afflicted poor and middle income countries in the
Economics Writing Help

1) Which of the following is NOT a lesson that economist have learned from the crises that have afflicted poor and middle income countries in the

1) Which of the following is NOT a lesson that economist have learned from the crises that have afflicted poor and middle income countries in the past few decades a) even healthy economies can be adversely AFFECTED BY CONTAGION b) maintaining a fixed exchange rate can hinder a central bank ability to act as a lender of last resort c)a when failure in multiple markets […]

External link to meone were to come along and reallocate (redistribute) the endowments so that they were exactly the same for everyone, what do you think would happen?…
Economics Writing Help

meone were to come along and reallocate (redistribute) the endowments so that they were exactly the same for everyone, what do you think would happen?…

If someone were to come along and reallocate (redistribute) the endowments so that they were exactly the same for everyone, what do you think would happen? From a social perspective, how would you define the “ideal” allocation (distribution of the n goods) in this economy? That is, what makes one outcome “best” ? What is the best way of achieving this outcome/allocation? What more would […]

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