How to find equilibrium price and quantity mathematically2) Set Qs ( quantity supplied ) equal to Qd ( quantity demanded ). 3) Solve for P, this
is your equilibrium Price. 4) Plug your equilibrium price into ...

Budget constraints, utility functions and maximized utilityMatt has the utility function U = √XY (where Y represents pears and X represents
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Shifts in supply and demand , an example using the coffee marketThis post goes over a common supply and demand shifters in a coffee market
context, and how each of the following events will affect market ...

What is the difference between normative and positive statements ?If it can, it is a positive statement , and if not, a normative statement . Finally ...
However, if you understand the intuition behind the economics .

How to calculate deadweight loss; easy 4 step methodThese conditions include different market structures, externalities, and ... 4) The
equation for the area of a triangle is ½(base*height). We know ...

Credit Crisis Visualized a summary - FreeEconHelp.comMost of it is due to the credit crisis , which thankfully has been more or less figured
out by economists (not solved, but understood). The following ...

Calculating marginal and total opportunity costs . - FreeEconHelp.comNow create two more columns at the end, that calculate the MC ( marginal cost /
opportunity cost) of Pizza and computers. You calculate this by ...

The 7 best sites for learning economics for free - FreeEconHelp.comSince creating this website I have scoured the web to see which sites do a good
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Mathematically solving for equilibrium Y and I after a shift in the IS P enters in the LM equation, and changes in P will shift the LM curve ... There are
two ways to do this, one is to do the whole problem over ...

What is deadweight loss ? Examples using monopolies, pollution Deadweight loss is something that occurs in the economy when total society
welfare is not maximized. Under certain conditions, the welfare of ...

Different types of unemployment , and how they are measuredThe unemployment rate has become a highly talked about issue in the news
recently, but it is important to understand some of the attributes of ...

Solving a budget constraint problem in economicsFirst we have to figure out his income, to do this we multiply the quantity of each
good consumed by the price, and hopefully the total amount ...

What are oligopolies and oligopolistic markets ? An introduction with The important thing to remember about an oligopolistic market is that each ....
Shifts in supply and demand, an example using the coffee market .

Determinants of supply, what shifts a supply curve?These are: input prices, productivity, the price of a substitute in production, the
number of firms in a market, the expected future price of the ...

How to calculate deadweight loss ; easy 4 step methodFreeEconHelp.com, Learning Economics. ... Deadweight loss occurs when an
economy's welfare is not at the maximum possible. Many times, professors will
ask you to calculate the deadweight loss that occurs in an economy ...

Production efficiency and opportunity cost of the American Clean An “opportunity cost” is the value of the next best alternative. So the opportunity
cost of producing electricity is what you had to “give up” in order ...

PPFs: drawing , calculating opportunity costs , and allowing for When drawing the PPF, we simply take the different combinations of goods and
services and plot them on a graph, which will look similar to that ...

What happens to equilibrium price and quantity when supply and With less people interested in buying the good (a decrease in demand) we see
equilibrium quantity drop . In order to sell these goods, the price ...

How advertising affects supply and/or demand - FreeEconHelp.comAdvertising spending is one of those ambiguous areas of supply and demand
theory where we don't really know exactly what will happen but ...

The economics of advertising using Groupon or other coupon selling Companies like groupon give consumers who buy their product a big discount,
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repeat customer . ... What is a giffen good, an example with graphs .

Calculating equilibrium values for perfect competition, monopolies Suppose that the market for “ rare earths ” given by the following Demand (inverse
... surplus is maximized) and the Monopolistic Equilibrium.

Calculating the deadweight loss from a subsidy - FreeEconHelp.comWhat is dead weight loss created by a subsidy of $3.87 per unit paid to ... Before I
go through the associated math, let's first look at a graph ...

How to aggregate demand functions - FreeEconHelp.comAt the end we will simulate multiple identical consumers and how this will change
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Review of intro to microeconomics notes - FreeEconHelp.com( Review the ATC, AVC, AFC and MC curves). Show shutdown ... Can an upward
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What causes shifts in the IS or LM curves? - FreeEconHelp.comIf consumers/firms feel more confident about the future, they may invest more
regardless of the interest rate. This will cause an increase in ...

Short run profit max for a perfectly competitive firmShort run profit max for a perfectly competitive firm .... How to calculate
deadweight loss; easy 4 step method . Deadweight loss occurs when an ...

How to draw a PPF ( production possibility frontier )Sometimes drawing the production possibility frontier can seem difficult. However
, if you understand the intuition behind the economics of the ...

What is a giffen good, an example with graphs - FreeEconHelp.comIn economics, a giffen good is an inferior good with the unique ... effect dominates
the substitution effect, meaning that quantity demanded ...

What is consumer surplus, and how to calculate it.An easy way to visualize is shown to the right. ... Calculating consumer and
producer surplus for a competitive, social, and monopoly scenario ... The first
chart of the individual consumers is extremely helpful in understanding ...

Fiscal policy and aggregate demand , an example using the The Dynamic Aggregate Demand and Supply Model predicts that ... Despite what
the Dynamic Model shows, some economists were skeptical ...

“Gambling” in the stock market , my personal experience.I bought shares of Sprint right before the market collapsed earlier this year (
august 5th) and lost about 33% of my investment in a week. I was a ...