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Question: How can tax cuts help revive the economy? Explain. Your answers must include fiscal policy, expansionary fiscal policy, tax multiplier, Aggregate Demand, etc. You must use at least one art
If the government were to make university attendance mandatory and subsidize tuition costs with tax dollars, how might this affect a nation's economic growth?
a) What is the best way to measure a firm's performance? Why? b) Why do managers need to understand the difference between economic profit and accounting profit? Provide an example of economic vs.
I like that some OTA help me to find all of the Pros and Cons of making the decision to purchase a new car. We need to think about macro & microeconomics and any other psychological, sociologica
How would you characterize the elasticities of demand and supply in the retail electric power market? Why?
Graph and calculate the equilibrium price/output solution. Use this graph to help you algebraically determine the amount of producer surplus generated in this market.
Q1. Should Delta replace its old transformers? Q2. What is the expected cost per transformer, under the optimal replacement strategy?
In May 1996, two Clemson University economists came out with a report that argued that by removing legal restraints on competition between electricity producers, federal and state governments could
Having been trained in Managerial Economics, you are familiar with production functions, isoquant and isocost analysis, and other tools of microeconomics. How can you use these tools to decide the b
Please describe in your own words. Question: How does monopoly differ from perfect competition?
Choose one industry with which you are familiar. Draw a graph of this market in equilibrium. Give two examples for the industry of conditions which would change supply and two that would change dema
Airline fares are higher in summer than in winter. Some railroads charge lower fares during the week than on weekends. Electric companies charge consumers lower rates the more electricity they use.
Most monopolies (post office, local water company, cable TV provider, local electric company, local gas company, etc.) are created (or sustained) by governmental legislation. Why do we condone or es
How much did the price change between regulation and deregulation? After deregulation, were these firms still profitable? In the long run, what would you expect to happen (qualitatively) in this ind
When firms practice any form of price discrimination, both the firms involved and the consumers of the firms’ products are better off.
a. Calculate the Herfindahl Index for 2002 and 2005 from this data. b. Has the grocery store market become more concentrated, less Concentrated or unchanged in 2005 compared to 2002. Explain.
Which of the following enhances the ability of waste companies to collude? a) decals on waste receptacles b) high interest rates c) differentiated nature of products d) large number of firms
What is a depository institution, and what types of depository institutions are found in the United States? How do they act as intermediaries between savers and borrowers? Why do they play this role
Should government create conditions of pure competition for all business? In your answer consider water companies, restaurants, and airlines.
Using a graphical analysis and assuming profit maximization, how might you justify eBay's decision to charge a fixed annual fee of $30, without a per call charge, for SkypeOut?
1) What are the approximate Herfindahl and four-firm concentration ratios for these firms in each industry? 2) If you were Mattel's economist, which industry definition would you suggest using in co
Suppose P = 20 - 2Q is the market demand function for a local monopoly. The marginal cost is 2Q. If fixed costs are zero and the firm engages in two-part pricing, the most profits the firm will earn
Franklin D. Roosevelt ' New Deal in the 1930's aid US to go through the depression. There were famous three Rs: relief, recovery and reform. Can I know what was the recovery? and what programs did h
1) Explain why a public utility such as electricity is referred to as a "natural monopoly." 2) Explain how and why an average cost pricing policy is applied to public utility.
Problem: Use economic analysis to evaluate the following statement: The only amount of acceptable pollution is no pollution at all.