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Describe why the optimal amount of product safety may be less than the amount that would totally eliminate risks of accidents and deaths by using the economic analysis. Use automobiles as an exampl
Provide the list of the economic benefits of, and problems with, subsidized the college education. Analyze the subsidized college education by considering answers to the three basic economic questio
Discuss how elastic/inelastic is the demand for Netflix services at the time of the price change and do you think that their plan to increase prices was a good idea? How has Netflix fared since thi
How would illegal immigration be affected if all countries had property ownership rights as well defined as in the United States? How can consider the illegal immigration?
Discuss how do you determine per capital income and the capital per worker in the Solow Growth Model? The problem I am working on gives production function y= k^ .3 , s = .25, d = .1, n = .002 and
What will happen to the quantity of cigarettes demanded after the tax is implemented? Assume the price of cigarettes was $40 before the price increase.
What will happen to equilibrium price and quantity? Now suppose a 10% income tax is imposed. Discuss how does the income tax affect consumer and producer surplus?
Discuss what are some of the main advantages and disadvantages of the extensive financial and the commercial networks linking nations today?
Determine the Marginal Rate of Substitution (MRS) among food and GoGV play? (e.g. the rate at which Dennis willing to exchange a meal for another hour of GoGV play?
Illustrate how a change in the overtime rate may lead to a "big" change in the number of hours for which the consumer would like to work.
Explain the current state of the United States economy by using the two monetary aggregates (M1 and M2) currently published by the Federal Reserve.
Determine how many new jobs have to be created each month to keep unemployment from increasing if the labor force of 150 million people is growing by 1.4 percent per year.
Assume the two firms merge and regulators want to make sure that welfare is not decreased by the merger. Discuss how much would marginal cost have to fall in order for welfare to be identical before
Discuss how much of its sales might it lose? Why? Can a competitive firm ever raise its prices if a perfectly competitive firm raises its price above the prevailing market rate?
By lowering and raising the short-term interest rates to keep inflation moving at a steady pace, many central bankers and academics thought they had finally found a monetary policy solution to conqu
Give a verbal interpretation of this elasticity. Is the elasticity considered "elastic" or "inelastic"? Use the calculus formula to calculate the point elasticity at the price of $4.00.
Using marginal productivity theory, describe how a change in the minimum wage affects the employment of unskilled workers. Minimum wage legislation needs the most firms to pay workers no le
Government A decides it wants to abolish the poverty and unemployment by immediately issuing the 50,000 dollars/yr to all unemployed citizens.
Find out the market structure that best matches the competitive qualities found in the market where these products are made and sold. Describe your answer.
Calculate the major determinants of the elasticity of demand? When would you want to own a business that sells price-elastic products? Why?
Sally quit her job as a CFO where she was earning $50,000 per year to start her own financial consulting firm. She converts a building that she owns, which was previously rented for the $12,000 per
A golf course has frequent players whose demand is Qf = 260 - 0.4P and infrequent players whose demand is Qi = 10 - 0.1P. Combined market demand is Q = 34 - 0.4P.
A profit-maximizing skeet club, which segments its market, charges juniors $4 per round based on their price elasticity of demand of -2.0. Its adult shooters have a price elasticity of demand of -1.
In percentage terms, how much is senior coffee discounted from the price of adult coffee when the price elasticity of demand for coffee by adults and by seniors is -2.3 and -3.6, respective
The market for hamburgers contains the three types of consumers: A, B, and C. the demand functions for each group are: Q d A = 100? 2P Q d B = 80? 4P Q d C = 140? 10P