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the square rooot of 144 is -12 or +12
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Nigeria Vs Democratic Republic Of The Congo 1
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Economics - Nature of Managerial Economics
Managerial economics is a discipline which deals with the application of economic theory to business management. It deals ...
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Managerial economics is a discipline which deals with the application of economic theory to business management. It deals with the use of economic concepts and principles of business decision making. Formerly it was known as “Business Economics” but the term has now been discarded in favour of Managerial Economics
Econ 413 Homework
Exercise 7.1 Although adjustment to the equilibrium may take a long time in a stock-flow housing model, adjustment is fast ...
Econ 413 Homework
Exercise 7.1 Although adjustment to the equilibrium may take a long time in a stock-flow housing model, adjustment is fast under some circumstances, which makes for an easy analysis. This problem considers such a case and illustrates the effect of rent control. Suppose that the initial demand curve for housing is given by p = 3 – H, where p is the rental price per square foot of housing and H is the size of the stock in square feet. Note that this equation gives the height up to the demand curve at any H. The flow supply curve for housing is given by p =ΔH + 2, where ΔH is the change in the stock. Again, this equation gives the height up to the flow supply curve at any value of ΔH. Note that the slopes of the two curves are – 1 and 1, respectively, a fact that allows simple answers to be derived below. (a) Compute the equilibrium price pe (the price at which ΔH = 0). (b) Suppose that prior to the demand shock, the housing market is in equilibrium, with a stock of size H = 1. Verify that the price in the market equals pe when the stock is this size. After the demand shock (e.g., arrival of the Cuban refugees), demand increases to p = 8 – H. (c) With the new higher demand, the price in the market shoots up to a higher value, denoted by p’. Compute p’. (d) Next, compute the change in the housing stock that occurs as developers respond to this new price (compute ΔH). Then, compute the new size for the housing stock, which equals the original stock plus ΔH. (e) Compute the price that prevails in the market after this increase in the housing stock. Is further adjustment of the stock required to reach equilibrium? How many periods does it take for the market to reach the new equilibrium? Instead of following the sequence you have just analyzed, now suppose that rent control is imposed immediately after the demand shock, with the controlled price set at pc = 3. (f) Compute H’, the stock size at which rent control ceases to have an effect (in other words, the stock size where the equilibrium price is equal to pc). How many periods does it take for the stock to reach H ‘ under rent control? (g) How many periods does it take for the market to reach the new equilibrium, where p = pe? (h) Illustrate your entire analysis in a diagram. (i) On the basis of your analysis, does rent control seem like a good response to a demand shock?Brueckner, Jan K.. Lectures on Urban Economics (The MIT Press) (pp. 261-262). The MIT Press. Kindle Edition. Answer e to i only I have answer for A to D attached
Impact of demographics on demand and supply
Re-read the feature "Apply the Concept" in Chapter 3 around page 78 entitled "Millennials Shake Up the Markets for Soda, G ...
Impact of demographics on demand and supply
Re-read the feature "Apply the Concept" in Chapter 3 around page 78 entitled "Millennials Shake Up the Markets for Soda, Groceries, Big Macs, and Running Shoes" Consider the following passage from the Problem Sets at the end of Chapter 3:From 1979 to 2015, China had a policy that allowed couples to have only one child. (Since 2016, couples have been allowed to have two children.) The one-child policy caused a change in the demographics of China. Between 1980 and 2015, the share of the population aged 14 and under decreased from 36 percent to 17 percent. And, as parents attempted to ensure that the lone child was a son, the number of male children relative to female children increased.Choose two goods and explain how the demand for them has likely been affected by China's one-child policy. Consider both the decrease in the percent of population 14 and under and also the change in the male-child-to-female-child ratio. A minimum of 350 words required. The selected tutor will be provided the e-book information.
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Price Elasticity
Price elasticity of demand refers to the degree of responsiveness of goods demanded to changes in the market prices while ...
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Price elasticity of demand refers to the degree of responsiveness of goods demanded to changes in the market prices while all the other factors are ...
Non-durables, Durables, Services; Consumption (w/Monetary Policy)
In this box you will analyze the cyclical properties of household expenditure: non-durable goods, durable goods, and servi ...
Non-durables, Durables, Services; Consumption (w/Monetary Policy)
In this box you will analyze the cyclical properties of household expenditure: non-durable goods, durable goods, and services. That is, how they correlate with the business cycle and whether there is the smoothing behavior predicted by the theory and observed in the aggregate consumption series. Reveal the mastering of the material by your creating a write-up for a third person in a professional research brief or in the style of a newsletter that companies usually provide to their clients. **1500 words double spaced.Get the following quarterly series from the St. Louis Federal Reserve Bank FRED database from 1999 onwards:- Real Personal Consumption Expenditures: Nondurable Goods- Real Personal Consumption Expenditures: Durable Goods- Real Personal Consumption Expenditures: Services- Real Gross Domestic ProductThese series are in levels (i.e. in dollars), so calculate their quarterly growth rate (percentage change from quarter to quarter) and plot each of the first three series separately against real GDP.What features do you observe? How do they compare to aggregate consumption (Real Personal Consumption Expenditures)? From a firm’s perspective, why are these patterns important?This article came out in last week's The Economist can help gain another perspective on the idea of the box.https://www.economist.com/news/finance-and-economics/21731391-there-are-better-motivations-tax-overhauls-boosting-growth-what (Links to an external site.)Links to an external site.
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Most Popular Content
18 pages
Nigeria Vs Democratic Republic Of The Congo 1
Nigeria is a West African country with a population of 202 million. Oil prices influence the Nigeria’s gross domestic pr ...
Nigeria Vs Democratic Republic Of The Congo 1
Nigeria is a West African country with a population of 202 million. Oil prices influence the Nigeria’s gross domestic product (GDP) grew 7%/annum ...
5 pages
Economics - Nature of Managerial Economics
Managerial economics is a discipline which deals with the application of economic theory to business management. It deals ...
Economics - Nature of Managerial Economics
Managerial economics is a discipline which deals with the application of economic theory to business management. It deals with the use of economic concepts and principles of business decision making. Formerly it was known as “Business Economics” but the term has now been discarded in favour of Managerial Economics
Econ 413 Homework
Exercise 7.1 Although adjustment to the equilibrium may take a long time in a stock-flow housing model, adjustment is fast ...
Econ 413 Homework
Exercise 7.1 Although adjustment to the equilibrium may take a long time in a stock-flow housing model, adjustment is fast under some circumstances, which makes for an easy analysis. This problem considers such a case and illustrates the effect of rent control. Suppose that the initial demand curve for housing is given by p = 3 – H, where p is the rental price per square foot of housing and H is the size of the stock in square feet. Note that this equation gives the height up to the demand curve at any H. The flow supply curve for housing is given by p =ΔH + 2, where ΔH is the change in the stock. Again, this equation gives the height up to the flow supply curve at any value of ΔH. Note that the slopes of the two curves are – 1 and 1, respectively, a fact that allows simple answers to be derived below. (a) Compute the equilibrium price pe (the price at which ΔH = 0). (b) Suppose that prior to the demand shock, the housing market is in equilibrium, with a stock of size H = 1. Verify that the price in the market equals pe when the stock is this size. After the demand shock (e.g., arrival of the Cuban refugees), demand increases to p = 8 – H. (c) With the new higher demand, the price in the market shoots up to a higher value, denoted by p’. Compute p’. (d) Next, compute the change in the housing stock that occurs as developers respond to this new price (compute ΔH). Then, compute the new size for the housing stock, which equals the original stock plus ΔH. (e) Compute the price that prevails in the market after this increase in the housing stock. Is further adjustment of the stock required to reach equilibrium? How many periods does it take for the market to reach the new equilibrium? Instead of following the sequence you have just analyzed, now suppose that rent control is imposed immediately after the demand shock, with the controlled price set at pc = 3. (f) Compute H’, the stock size at which rent control ceases to have an effect (in other words, the stock size where the equilibrium price is equal to pc). How many periods does it take for the stock to reach H ‘ under rent control? (g) How many periods does it take for the market to reach the new equilibrium, where p = pe? (h) Illustrate your entire analysis in a diagram. (i) On the basis of your analysis, does rent control seem like a good response to a demand shock?Brueckner, Jan K.. Lectures on Urban Economics (The MIT Press) (pp. 261-262). The MIT Press. Kindle Edition. Answer e to i only I have answer for A to D attached
Impact of demographics on demand and supply
Re-read the feature "Apply the Concept" in Chapter 3 around page 78 entitled "Millennials Shake Up the Markets for Soda, G ...
Impact of demographics on demand and supply
Re-read the feature "Apply the Concept" in Chapter 3 around page 78 entitled "Millennials Shake Up the Markets for Soda, Groceries, Big Macs, and Running Shoes" Consider the following passage from the Problem Sets at the end of Chapter 3:From 1979 to 2015, China had a policy that allowed couples to have only one child. (Since 2016, couples have been allowed to have two children.) The one-child policy caused a change in the demographics of China. Between 1980 and 2015, the share of the population aged 14 and under decreased from 36 percent to 17 percent. And, as parents attempted to ensure that the lone child was a son, the number of male children relative to female children increased.Choose two goods and explain how the demand for them has likely been affected by China's one-child policy. Consider both the decrease in the percent of population 14 and under and also the change in the male-child-to-female-child ratio. A minimum of 350 words required. The selected tutor will be provided the e-book information.
4 pages
Price Elasticity
Price elasticity of demand refers to the degree of responsiveness of goods demanded to changes in the market prices while ...
Price Elasticity
Price elasticity of demand refers to the degree of responsiveness of goods demanded to changes in the market prices while all the other factors are ...
Non-durables, Durables, Services; Consumption (w/Monetary Policy)
In this box you will analyze the cyclical properties of household expenditure: non-durable goods, durable goods, and servi ...
Non-durables, Durables, Services; Consumption (w/Monetary Policy)
In this box you will analyze the cyclical properties of household expenditure: non-durable goods, durable goods, and services. That is, how they correlate with the business cycle and whether there is the smoothing behavior predicted by the theory and observed in the aggregate consumption series. Reveal the mastering of the material by your creating a write-up for a third person in a professional research brief or in the style of a newsletter that companies usually provide to their clients. **1500 words double spaced.Get the following quarterly series from the St. Louis Federal Reserve Bank FRED database from 1999 onwards:- Real Personal Consumption Expenditures: Nondurable Goods- Real Personal Consumption Expenditures: Durable Goods- Real Personal Consumption Expenditures: Services- Real Gross Domestic ProductThese series are in levels (i.e. in dollars), so calculate their quarterly growth rate (percentage change from quarter to quarter) and plot each of the first three series separately against real GDP.What features do you observe? How do they compare to aggregate consumption (Real Personal Consumption Expenditures)? From a firm’s perspective, why are these patterns important?This article came out in last week's The Economist can help gain another perspective on the idea of the box.https://www.economist.com/news/finance-and-economics/21731391-there-are-better-motivations-tax-overhauls-boosting-growth-what (Links to an external site.)Links to an external site.
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