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Discuss the ethical implications of this perspective. Many businesses are solely focused on maximizing profits. Pick a position to the following question: Is it better to maximize sales, vo
Current projections estimate the Social Security program will have a zero balance in its trust fund sometime around 2040 according to the Congressional Budget Office.
Assume a producers production function is f(x1x2)=5x1x2 the price of x1 is 20 and the price of x2 is 80 the firm wants to produce 80 units, estimate the least costly way for the firm to form the 80
Demonstrate that this level of pollution reduction could be accomplished through taxation. Explain what tax per unit would generate the optimal amount of pollution reduction?
Explain what does the sharing economy mean to you? Determine the benefits of living in a sharing economy? Calculate a potential downside? Have you had any personal experience with the shari
Determine the following utility function, which specifies Hurry's preferences over two goods, belts (B) and wallets (W).Determine some ?xed level of utility, U0. Write down an expression for B as a fu
Explain how you assess the rate at which current communication changes and implementations are taking place in our modern world?
Find out the single most important economic principle learned and discuss why it was more significant than any other principle or concept. Examine two of the greatest economic challenges that the U.
Explain why an understanding of the role played by economics in social issues is important for people who are not economists to understand. Give the specific examples to support your response.
Sketch indifference curve for the case where she is a saver. In a dashed line on the same figure, draw the indifference curve for the case where there is no access to borrowing or savings. In which
Johnny Appleseed has an orchard with the 1000 trees. Each tree can either form α pound of apples or the σ pounds of apple sauce. Find the equation of the PPF between A and S by using th
For a linear regression prove that the calculated regression coefficients with an intercept term are identical to those obtained for the same linear regression equation without an intercept term, b
Assume you are considering two normal populations with unknown means and respectively. Variances are known to be and respectively. Demonstrate how you would test the following hypothesis against the
What price would Potomac have to charge to sell the same number of units it did before the Spring City price cut if the Potomac knows that the arc price elasticity of demand for its ovens is -3.0?
The ECON3305 Company was considering a price increase and wished to estimate the price elasticity of demand. A market researcher and an economist, you and Sandy, were hired to study demand.
Two points on a standard indifference curve are 6 cookies and 4 brownies and 8 cookies and 2 brownies. Which of the following combinations of cookies and brownies could lie on this indifference cur
Illustrate the budget constraint for hamburgers and hotdogs when your income is $20, the price of hotdogs is $1 each and the price of hamburgers is $2 each.
Describe the main value of a preferred stock that pays a perpetual dividend of the $160 at the end of each year when the interest rate is 5 percent?
Jay net spends the $30,000 per year on painting supplies and the storage space. She recently received two job offers from a famed marketing firm, one offer was for $85,000 per year, and the other wa
Discuss how might this affect a nation's economic growth if the government were to make university attendance mandatory and subsidize tuition costs with tax dollars.
Assume the cross-price elasticity of demand among the goods X and Y is -2. Discuss how much would the price of good Y have to change in order to change the consumption of good X by the 10 percent?
Show how resource growth and improvements in technology can allow a nation to increase its production of government goods and services while also increasing its output of private goods and services
Assume the governments increase spending for Social Security pensions. Discuss why the increased government spending for pensions will not appreciably increase the government purchases of productiv
Discuss why the interest payments by the federal government would still be a large share of federal expenditures even if the federal government does not run a deficit again for several years?
Discuss the differences among the public debt and the government budget deficit. Discuss how deficit spending could be a burden to future generations.