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Suppose that the incidence of HIV in the population is 0.oo5. Calculate the amount premium of the first policy. Calculate the premium of the third policy. Show your calculations.
What is the difference between the index number for the year you were born and the Consumer Price Index for January of 2012?
The drought in Oklahoma has caused cattlemen to sell off their cattle herds. How does this affect the supply of beef? How does it affect the supply of beef worldwide?
Suppose you have the following hypothetical demand or sales function. Find the marginal revenue function. What output level maximizes total revenue.
Analyze the impact of this floor on price, quantity demand and supplied. Would this price floor create a surplus or scarcity of this product in the market?
Based on your findings, write a report on whether these trade flows reflect the theory of comparative advantage and provide your rationale.
If Ms. Waller has a payroll of $160,000, how should she allocate this budget in order to maximize the number of customers served?
Testing procedures required by the US Food and Drug Administration raise the cost and price of drugs. Should we eliminate such requirements in order to ease inflationary pressures?
Explain how industrial regulation affects the market, the entities affected by industrial regulation in terms of market structure and why industrial regulation affects those intities you have identi
Explain the changes in the supply and demand curves based on the above information. Draw a graph showing how the changes affect the price levels, supply and demand.
A firm is expected to earn $10,000, $25,000, $48,000, and $75,000 during the next four years, after which it will be dissolved. What is the present value of the firm if the discount rate is 8%?
"Dynamic rather than static demand and supply conditions are typically observed in real-world markets. Therefore, comparative statics analysis has only limited value." discuss this statement.
What are foreign exchange rates? How are they determined? Why doesn't the U.S. simply restrict all goods coming in from China? Why can't the U.S. just minimize the amount of imports coming in from a
Which of the following is an example of a positive externality? Being given a free lunch from work, because such a thing exists
Explain the difference between economic and accounting profits. How could you graphically illustrate economic profits made by a perfectly competitive firm; monopolist.
Demand for a bakery's bread is elastic, while demand for bread is inelastic. (c) Demand for personal computers is elastic. 27. What is the main determinant of the price elasticity of supply? Explain
Explain how such controls can lead to shortages, especially in the long run and other economic costs. Deposit disadvantages, why does rent control remain popular?
How much does consumption change this year in absolute dollars ($ ΔC) as a result of a $5,000 annual tax cut to your income, if the tax cut: is permanent, and will begin immediately (this year)
World Bank reports 2011 shows the lowest per capita income levels being in Africa. Provide a detailed analysis of the policies that the government could use to increase the living standards of the
Investment (I) = $150; and the Budget Deficit (BD) = $120; what is the dollar value of Net Exports (NX)? What is the value of net domestic product (NDP)? What is the value of national income (NI)?
Discuss using relevant examples whether it is a good policy for the government to completely eliminate monopoly power.
How might the following government intervention affect a nation's economic growth: (a) Mandatory school attendance (b) High income taxes (c) Copyright and patent protection (d) Political corruption.
What is the difference between marginal and total utility? Explain the income and substitution effects and use the concepts to describe what happens when the price of a product decreases.
Why would an ounce of gold be priced higher than an ounce of coffee beans, even though coffee is generally considered more essential than gold? Explain the paradox in terms of marginal and total ut
Can marginal utility be negative? Provide an example using your original thoughts and words. Why is it not sufficient to just compare the marginal utility of two goods when maximizing utility?