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Demonstrate how the government balances the social cost of crime with the law-enforcement costs and explain how the criminals balance the value of illegal activity with the probability of arrest.
Discuss what research approach that a behavioral economist may use to study addiction in the smoking and discuss how this research approach would be different from that of a classical economist.
Discuss why the human beings decide to get addicted in smoking from both 1) classical and 2) the behavioral economics perspectives by addressing their differences in the rationality assumptions and
What would be the new equilibrium price and quantity if the demand and supply curves are Qd=1000-200*price, Qs=800*price a $0.5 excise tax is levied o oranges.
There are 3 states of nature, A, B, and C and no inflation. We observe the following asset prices. The risk-free real rate is 2%. A stock with no dividend yield, its price goes up either 2% or 15% o
How much would the firm be willing to pay for such a device when a device is invented that would reduce the firm's emissions to one unit for each town of output (e=q).
Determine the price elasticity of demand for the following demand functions: Q = 2000 - 0.5P^3 for P=15 (0.5 multiplied by p cubed)
Discuss how much output should it produce if the firm wishes to maximize total revenue? What price should it charge if the firm wishes to maximize total revenue.
Discuss how does this autocorrelation affect the conclusions concerning the significance of the individual explanatory variables and the overall explanatory power of the regression model?
Suppose the depreciation rate is 10%. Create a table showing the steady state capital per worker, consumption per worker or the output per worker for savings rates of 0%, 10%, 20%, 30%....all the wa
MacDonald's Wing® discovered that when it opened its store to the public in forecasting, it was able to sell 5,000 parachutes in the first year. Given the equation; y= a+ bx.
The monopolist can form the output in 2 plants. The marginal cost of producing in plant one is MC(subscript 1) = Q(subscript 1). The marginal cost of producing in the plant two is MC(subscript 2)= 2
Consider the market for this product in South Africa. Hormone free dairy milk has been found to been found to be potentially more beneficial and healthy.
If the annual discount rate is 10 percent, determine the present value of the firm? A firm is expected to earn $100,000 per year forever.
Explain the significance of unexpected inflation so someone totally unfamiliar with the economics could make the better financial decisions (if he / she listened to your explanation).
Suppose you are in the market to purchase a new home worth up to $200,000. Explain whether it makes more sense to opt for a 15-year mortgage or a 30-year mortgage. Explain your rationale.
Discuss how do changing income levels impact consumer and investment spending? How can the tax structure encourage consumer and investment spending?
The equation for the supply and demand curves for writing paper in the Belgium is: Supply: Qs = 5P - 200 Demand: Qd = 35 -0.5P Calculate the equilibrium price and the quantity if there is no
Determine a firm owned by two shareholders, Peter Burke and Sarah Dandridge. Each owns 50 percent of the firm's equity. The firm has a project available to it that costs $50,000 and has a payo
Explain the likely incidence of such a tax. Use an appropriate diagram as the basis for your discussion. The state of Texas recently enacted a $5-per-costumer tax on strip clubs.
If an additional worker adds less to the total output than the previous workers hired in economic theory, it is because there may be less that this person can do, given the fixed capacity of the firm.
Assume that Manisa Corporation is currently not paying any dividends, but is known that starting in the 4 years (i.e. the first payment is four years from now), Manisa will begin paying $2 a share.
Consumers expressed the outrage at the high price of chainsaws after Hurricane Andrew hit Louisiana and Florida, with the newspaper editorials accusing suppliers of unconscionable price go
Jonathan has a utility function expressed as u=w 0.3 where w is his wealth. Jonathan currently has $100. What would be his expected utility if he takes this gamble if Jonathan is confronted with a
Explain the characteristics of the airline industry within this framework. Does your selected market force result in higher or lower airline profits?