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State legislatures are under the same kind of pressure from interest groups as the Senate and the House of Representatives. The process of lobbying legislatures is itself a big business.
Assume a Census Bureau report indicated that over 62 percent of the U.S. population is covered by employer-sponsored health insurance plans in 2008.
Carrboro has 3 groups of people: (1) Type A people consistently prefer more police protection to less (H>M>L); (2) Type B people prefer either high levels or low levels of police protection to
A's utility faction is U(C,L)= C^2+3L^2. If A has 10 hours to split among work and leisure and A's wage rate is 5 per hour, explain what would be his optimal allocation?
Qd=160,000-2000P Qs = 40,000+2000P MEC=.0006Qs. Qd is the quantity lots of paper Qs is the quantity supplied and P is the price per lot of paper.
Discuss what discount rate is most appropriate for net present value calculations of large-scale projects? Of small projects? Of the quantity of inventories to hold?
What would be the price and output if a regulatory commission establishes a price with the goal of achieving a locative efficiency? What would be the firm's profit or loss?
Now assume that the absence of competition under monopoly over time raises costs of production to $30 per unit. Determine the increase in production costs due to X-Inefficiency.
Suppose you need to hire some new employees to staff your start-up venture and you know that potential employees are distributed throughout the population as follows, but you can't distinguish among
Explain how are the Ebola crisis, the ISIS crisis and the Russia/Ukraine crisis affecting the US economy Asturias and class? Discuss will Ebola be contained in the US?
Professor Christopher Passerines said: "It is important to make sure that people do not stay unemployed too long", in commenting on his Nobel Prize in 2010.
The following marginal and demand cost equations represent the demand for some service inside the firm. Explain at what price should the service be sold?
Ms. Sarah Traveler does not own a car and travels only by train, bus, or plane. Her utility function is given by the U (b, t, p) = b ∗ t ∗ p where each letter stands for miles traveled
Discuss two effects of an open economy on the monetary and fiscal policy, or calculate the role banks play in the world financial markets. Explain two problems with banks as international lenders a
Examine the meaning of the phrase: "Made in the USA" from a historical perspective and the importance it bears across the globalization and internationalization of the modern world. Discuss and sup
Determine the own price elasticity. The demand for good X has been estimated by Qxd = 20 - 5Px + 4Py. Assume that good X sells at $3 per unit and good Y sells for $2 per unit.
Discuss why do oligopolies exist? Provide the list of five or six oligopolists whose products you own or regularly purchase. Discuss what distinguishes oligopoly from monopolistic competition?
Assume that there is an announcement that chocolate causes cancer. Thinking as a consumer, first, explain and discuss what would happen to equilibrium price and quantity in the market for Godiva cho
Amazon now gets directly into the manufacturers and managers their online and logistics retailing. This gives them a larger warehouse footprint and thus expands the number of products they will offe
Discuss why is there so much advertising in monopolistic competition and oligopoly? Explain how does such advertising help consumers and promote efficiency? Why might it be excessive at times?
Discuss what might be the opportunity cost for $35 billion? Could taxpayers receive other goods or services instead of bailouts such as education, medical research or jobs?
In china multinationals operating has been setting up factories deep in the interior in search of reasonable labor. For companies exporting to Europe shipping by air is too expensive.
Discuss the change in the infant mortality rate (IMR) in the United States since 1960. Do you think the IMR is too high in the United States? Why?