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Explain two economic examples of issues which affect the decision-making processes and which may change our quality of life.
Give the example for each change, and explain how the changes will transform American business and affect American workforce.
Explain impact this would have on manuafaturer who manufactures ATM machines. Defend answer incorporating the knowledge about supply and demand?
Assume government were to intervene and give full insurance at the single price and charge everyone the same actuarially fair amount.
Describe (no calculation yet). Would total output increase or decrease? Find the multiplier effect and how does it influence answer to the question.
Utilize the aggregate demand (AD) and aggregate supply (AS) model (short run model) to analyze the problem. Do not use different model.
In neoclassical growth models, sources of growth, is exogenous usually "technology". Analyzing impact of government policy on long-term growth rate of economy.
Find the labor force participation rate? Find the labor force participation rate in 2008? How has it changed since 2008 and what does this change imply for state of the economy?
Find the actuarially fair premium for each type of policy for Joe and Tanya? What has happened here? What does second policy option accomplish?
Compute risk premium and actuarially fair insurance premium for full insurance for each. That is, insurance policy which replaces 100% of lost consumption.
How is the discussion of public goods is relevant to such funding? Write the mini-essay of approximately 300 words in which you clearly explain your thoughts.
The other half has marginal benefit of the aircraft carrier equal to -$30 each. (That is, they would be willing to pay up to $30 to NOT build the carrier.) Should aircraft carrier be built?
Compute optimal output produced by each firm at long run competitive equilibrium (LRCE). Compute market price and market output at LRCE.
Compute resulting equilibrium price quantity combination for each firm. Compute optimal profits of each firm.
Are parameter estimates a, b, and c statistically significant at 2 percent level of significance? At what level of output will average variable cost be at minimum? Find minimum average variable cost?
Find the total product function for Dimex? Average product function? Marginal product function? Dimex plan to employ 50 workers. Compute total product, average product, and marginal product.
Think about two public goods- public schools and food assistance for needy families. Consider implications of tieabout model. which of the goods is more efficiently provided locally? Describe.
Describe in detail how voting situation would not lead to political equilibrium. Show rounds of voting as was detailed in class). Describe what implications are for government decision-making in this
Compute share of tax burden for both John and Dave (in percentage terms) for national defense based on Lindahl pricing? At last, let us suppose that Republicans value national defense much more than
Write down your thoughts regarding argument that the U.S. approaches situations with reactive stance as opposed to a proactive stance?
Find primary goal of monetary policy and what are three primary tools available to Federal Reserve to meet this goal?
If policy interest rate is near zero, what less conventional monetary policy tools might the central bank due to stimulate economy? How do such tools work?
Explain and deduce the expression for marginal cost (MC) curve. Explain and evaluate incremental costs of extra 200 pairs per week (from 1,000 pairs to 1,200 pairs of shoes).
How would expanding business affect economies of scale? When would you have constant returns to scale or diseconomies of scale? Explain your answer.