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Discuss why the government would implement a program to lower the price of a good and the welfare effects of such a program. Give an example of good for which such a policy has been implemented and
5 countries are USA, Japan, Sweden, Trinidad and Tobago, and Botswana Go to CIA world factbook, click on guide to country comparisons, economy and GDP per capita Which country has the highest and lowe
will all the value end up going to customers, or will companies be able to reap a share of it will the internet bolster or erode the ability of companies to gain sustainable advantages over their co
You have been assigned the task of creating a multiple regression equation of at least three variables that explains Microsoft's annual sales. Consider using a time series of data of at least 10 yea
Assume that the firm buys a machine for each worker that increases the marginal productivity of each worker, which would be reflected by an increase in the total product, marginal product, and value
A fundamental characteristic of oligopolies is the tendency for them to follow price leadership and to act in harmony in the setting of prices, while monopolistic competitors will find it possible t
Monopolies are typically frowned upon in U.S. business, preferring more competitive models. However, many industries are stillmonopolistic in our everyday dealings. In this discussion, name an examp
For a firm in a perfectly competitive market that faces a market price of $5/unit for its output, draw a diagram showing a U-shaped long run Average Cost curve and the related Marginal Cost curve so
A firm in a perfectly competitive industry is making losses in the short run. (i) Sketch a ‘typical' firm's Average Cost and Marginal Cost curves and in the diagram show a possible price at wh
Discuss the optimal method for procuring a modest number of standardized inputs that are sold by many firms in the marketplace. What are the primary advantages and disadvantages of using this method
The division of a large office services company that makes high-end copiers recently signed a five-year, $25 million contract for IT services from CGI Group, a Canadian information technology compan
Depict the equilibrium situation in the labor market using the Wage-Setting and Price-Setting relations and carefully label the graph. Use this model to illustrate and explain what happens to the na
It is believed that fiscal policy is more effective under a fixed exchange rate than a flexible exchange rate. Using the IS-LM model, illustrate and explain this differential impact for an expansion
Using the basic IS-LM model in the open economy, analyze the effects of tax increases on the equilibrium output (Y), nominal interest rate (i) and the nominal exchange rate (E). Is the effect of hig
Suppose the government decides to increase taxes by $30 billion in order to increase Social Security benefits by the same amount. How will this combined tax-transfer policy affect aggregate demand a
If they both televise many games, they split and perhaps over saturate the market and both receive $5M from television revenue. If they both limit appearances on television, they take advantage of t
Elderly population is growing more rapidly than the total population - the number of workers is rising slowly, retirees are rising quickly. If total expenditure were frozen, what would happen to bene
Some businesses will examine their pricing structure and modify it in order to maximize revenue, either by raising or lowering the price. For some organizations, lowering prices might be an effectiv
1. Many ethical thinkers have called for a worldwide ban on all forms of human cloning. Do you agree with the this argument Could we realistically allow therapeutic cloning but ban human cloning
why do we consider a business-cycle expansion different from long-run economic growth why do we care about the size of the long-run growth rate of real GDP versus the size of the growth rate o
What happens to the level of output and the price level in the short run and in the long run c. According to Okun's law, what happens to unemployment in the short run and in the long run d. What happe
Compare the equilibrium levels of consumption C, government spending G, and planned investment I in Parts g and h. Based on this comparison, why might some economists prefer expansionary fiscal poli
You are supporting a proposal decision as the manager of the systems and software engineering organization. A monthly budget of estimated labor costs is needed to evaluate the lifecycle funding prof
During the 70's and 80's the goverment of many countries in Europe and North America banned the advertisement of cigarettes on televisions. Suprisingly, this attracted little protest from the cigare
Suppose that the gas utility operates as a pure monopoly, setting price and output so as to maximize profit. What P and Q will be chosen What will be the total revenue, total cost, profit, and