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Consider that this product is to receive no promotion other than what the retailer will give it, and the product will be offered at a competitive price. Assume the new diaper's name will not be asso
Over the last 30 years in the United States, the real price of a college education (i.e., after adjusting for inflation) has increased by almost 70 percent. Over the same period, an increasing numbe
A recent news story reported that OPEC is expected to decrease the supply of oil next summer. Summer is traditionally a time of increased demand for oil because of the many families driving and flyi
Explain the difference between the incentives of the owner of a house and renter of a house to undertake expenditures designed to improve or maintain the house. For example, are renters more likely
Explain whether the following government activities is motivated by a concern about equality or a concern about efficiency. In the case of efficiency, discuss the type of market failure involved- re
The firm provides the equipment and supplies necessary to do the work. It also supervises the workers on the clients' premises. Client A reserves the right to direct the staffing firm workers to per
On her employment application, Rhonda disclosed that she had been convicted of 2 misdemeanor larceny. Those convictions made it unlawful for her to become an employee of Midwest without FDIC approva
Lynn was terminated by Wal-Mart for violating it fraternization policy by having an affair with a co-worker. Lynn sued Wal-Mart for retaliatory discharge, claiming that he was actually fired because
Your example should be original -- not one from the textbook or my lecture. Make sure response explains how optimal firm behavior will lead to scale and substitution effects. Also explain the import
Explain why the cost structure associated with many kinds of information goods and services might imply a market supplied by a small number of large firms (at the same time, some internet businesses
An employee was suspended pending discharge for sleeping and loafing on the job. The employer offered to change the penalty to suspension without pay if the plantiff would sign a last chance agreeme
You are a designer of children's clothing and decide to open a children's clothing store. You find a nice space in a local mall and agree to sign a one-year lease agreement that runs from September
Suppose that a consumer's future income increases, and the real interest rate increases as well. In a diagram, determine how the consumer's optimal choice of current consumption and future consumpti
Suppose that the government imposes a proportional tax on the representative consumer's wage income. That is, the consumer's wage income is w (1 - t) (h - l) where t is the tax rate, and h is the wo
What are some ways to collect and measure cost in order to perform an estimate of future values What are some of the problems experienced in collecting these data
Suppose production of this good imposes external costs of $10 for each unit produced. Does this cause an over or an underallocation of resources to production of this good
Between October 2004 and 2005, real GDP in the United States increased by 3.6 percent, while nonfarm payroll jobs increased by only 1.4 percent. How is it possible for output to increase without a
Some states are required to balance their budgets. Is this measure stabilizing or destabilizing Suppose all states were committed to a balanced budget philosophy and the economy moved into a recessi
Discuss the differences between unemployment and underemployment and give examples of each. Include in your contribution the differences between fiscal and monetary policy and how each would be used
If you were having a conversation with a Keynesian and a Classical economist, and the conversation turned to why the economy is experiencing high unemployment and what the government should do about
If Michelle devotes all her resources to growing potatoes, she can raise 200 pounts of potatoes per year. If she devotes all her resource to raising chickens she can raise 50 chickens per year. (If
a new hampshire resort offers year round activities: in winter, skiing and other cold-weather activitie; and in summer, golf, tennis, and hiking. The resort's operating costs are essentially the sam
1) Suppose the average variable cost equation for a competitive firm is given by: AVC=10 - 2Q + 0.5Q2 a)At what output is AVC at a minimum b) If the market price of the firm's output is $7 per unit, s
Evaluate how well the design of the First IB web site meets the needs of a potential small business customer. Discuss the elements of the site that work particularly well in meeting the needs of thi
Recently, there have been several consolidations in the economy, the biotech industry being one. With the creation of fewer "Biotech giants worldwide", will this lead to stronger monopoly power, thu