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What were the opportunity costs? Did the benefits end up outweighing the costs or were the costs greater than the benefits?
Should the airline replace its night flight from Los Angeles with a morning flight? Please calculate and compare the profit under each flight.
According to the Monetarists, "Policy activism" is difficult if not impossible to perform successfully because
The following matrix shows the payoffs for an advertising game between Combra and Paka. The firms can choose to advertise or to not advertise. Numbers in the matrix represent profits; the first numb
Explain and show your calculations (using the template at the end of this assignment) of how you would set up the present value calculation in your uncle's case. What is the present value of hi
Mankiw presents an analysis of six separate costs of inflation: shoe-leather costs, menu costs, relative-price variability and the mis-allocation of resources, inflation-induced tax distortions, co
If, in the short run, policy makers do nothing, what will happen to U.S. aggregate demand and what especially would we expect to happen to the “Personal Consumption” and “Domestic
Does this goal still apply to our understanding of the role of the business firm in society? Provide examples to support your understanding.
The 2008 Congressional farm bill contains subsidies for corn-based ethanol production. Currently, corn grown for ethanol production accounts for 24% of the total corn crop grown in the U.S.
Active monetary and fiscal policy. Increased government spending to fight recessions. Reducing federal government's discretionary powers. Zero-inflation target
Price is constant or given to the individual firm selling in a purely competitive market because the firm's demand curve is downward sloping.
Define/ understand the components as it relates to firms vs. households. Production possibilities frontier.
Does the movement from point A to point B represent a "change in demand" or a "change in the quantity demanded"? What could have brought about this change?
Analyze the nominal and real concepts, and apply these concepts to Gross Domestic Product (GDP). Determine the elements that affect the reporting of the GDP. Compare and contrast the reporting of G
Do you think that U.S. GAAP puts American R&D-intensive companies at a disadvantage to their global competitors? Specifically, are the U.S. GAAP rules related to R&D logical compared to IFRS
By specializing in the production of one good, a company is able to benefit from economies of scale which increases its revenue. Which of the following is an attribute of specialization?
What are two ways for a competitive firm to determine the optimal level of production, that is, the level of production that will maximize profit or minimize losses? Comparing total revenue to total
A purely- or perfectly-competitive firm would be characterized by which of the following? For a purely-competitive firm, price must be.
Briefly describe the economic problem you have selected. (Unemployment, inflation and Welfare in the United States). Assess the impact the problem poses to society. Design an economic policy solution
Demand is the desire and ability to consume certain quantity of a particular good or service at certain prices at particular point of time. Demand curve is a graph that uses to record the demand of
A pure strategy may be strictly dominated by a mixed strategy, even if this pure strategy is not strictly dominated by any other pure strategy. In equilibrium, the mixed strategy of a player must put
Analyze the effects of enforcing a price ceiling on copies where the state or government determines that the copy center is charging too much per copy. Identify the stakeholders affected by this cha
Explain the costs and benefits of such price controls. Suggest alternatives that you believe would be more appropriate and explain why. Take a position on whether or not you believe the government s
The organization's strategic plan calls for an aggressive growth plan, requiring investment in facilities and equipment, growth in productivity, and labor over the next five years. It is your team's
It is planned that the instructor will usually devote one working meeting to the author(s) of a given paper. Details regarding the organization of these meetings (their form, dates, etc.) will be d