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A proposal was made to increase the housing benefits for new faculty to keep pace with the high cost of housing. What will likely be the long-run effect of this proposal?
Because you have taken an economics course, you sort the buyer values in decreasing order so you can plot a demand curve and you sort the seller costs in increasing order so you can plot a supply cu
What did he mean in microeconomic terms? Would a more viable democratic system add to or reduce the ability of government to operate more efficiently?
The qualities of durability, portability, divisibility, uniformity, ease of recognition, and scarcity. In terms of these six criteria, discuss the advantages and disadvantages of cigarette money in
Golf shirts at traveling pro tournaments, certified gemstones from Tiffany's graduation gift travel packages, or mail-order auto parts? Why or why not?
Calculate a marginal cost and an average cost schedule for the firm. Is the industry in long-run equilibrium at this point?
Nickelodeon down to 12 to 18 percent at NBC and ABC. Provide a Porter Five Forces analysis of each type of network. Why is MTV so profitable relative to the major networks?
Find at least two independent variables that you expect to be correlated with each other and explain why this might be the case.
Jim doesn't want to run the numbers again himself. He wants to use the results to plan for total sales next year. What do you tell Jim about the results of his analysis?
Choose their teams at the end of any season. Do stars earn more than nonstars? How are the wages of each group determined?
Why do you believe Royalle Vending isn't increasing the price of bottled water as well? What sales data would provide evidence that your hypothesis is likely correct?
How much would Wyandotte have to reduce the price of polyol to achieve a 15% increase in the quantity sold? Evaluate the impact of such a price cut on (i) total revenue, (ii) total costs, (iii) total
Take some time to think about the ways in which your learning in this class relates to the real world. Has the knowledge you gained been valuable in helping you understand or evaluate events or poli
The saving curve shifts to the right and the investment curve shifts to the left, would the saving curve shifts more than the investment curve?
The demand for tobacco is price inelastic. Suppose there is a drought that destroys a large portion of the tobacco crop. What will happen in the market for tobacco?
"An increase in productivity with respect to any one good increases our options for producing and consuming all other goods." Which of the following best explains the meaning of that statement?
Each firm wishes to obtain the highest possible market share. Model this situation as a strategic game and and its Nash equilibrium (equilibria?). Find the best response functions. Find all Nash equ
Why would firms willingly create unemployment and how effective is this across various industries? How effective is fiscal policy in the Keynesian model.
Evaluate the following statement: "This decrease in marginal (home run per season) product led to an associated decrease in McGwire's average (home runs per season) product."
what is the marginal propensity to consume (MPC - the amount of additional consumption expenditure from an additional dollar's personal disposal income?
Discuss each of the main risk factors that should be allowed for in addition to WACC in order to determine the appropriate required return on this capital investment opportunity.
Lean Burger's drive through receives 20 customers in every ten minutes of business time between 12:00 - 1:00 PM. What is the probability that no customer arrives? What is the probability that 3 custom
If there were 2 million unemployed Theralanders and Theraland had a job-finding rate of 15% per month, how many people would lose jobs each month?
What's the main difference between New Institutional Economics and Old Institutional Economics? Illustrate the Malthusian model and explain where the Malthusian trap is. Give an example of a way to es
How do the GDP per capitas change after accounting for price indices? Why is it important to use price index adjustments? How do you use a price index adjust your nominal income?