Managerial economics

Apply demand and supply analysis in" rel="nofollow">in CH 2 to answer the followin" rel="nofollow">ing questions related to the U.S. real estate market: 1. What will be the impact on residential real estate market if the Fed raises the in" rel="nofollow">interest rate again" rel="nofollow">in in" rel="nofollow">in this year? Please state the leftward/rightward shift on either demand/supply curve and comment on the equilibrium price change. 2. If a price ceilin" rel="nofollow">ing on real estate agency commission is set at 1% only, what will be the impact on new market equilibrium price and quantity of residential real estate market? Please comment on it. 3. Usin" rel="nofollow">ing optimization theory in" rel="nofollow">in Chapter 3, please comment on the followin" rel="nofollow">ing quotation: “If Congress cuts out the NASA space station, we will have wasted all the resources that we have already spent on it. Therefore, we must contin" rel="nofollow">inue fundin" rel="nofollow">ing it.” 4. Newspaper and soft drin" rel="nofollow">ink are priced almost the same around $1 per unit by vendin" rel="nofollow">ing machin" rel="nofollow">ines. Given the same unit price (value), how come a newspaper vendin" rel="nofollow">ing machin" rel="nofollow">ine can be opened easily (i.e. take as many as you want) but a Coke vendin" rel="nofollow">ing machin" rel="nofollow">ine is tough to open (i.e. drop one can at a time)? Please discuss it by margin" rel="nofollow">inal analysis for optimization.