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What has caused the rise of anti-vaccination (Relate this not only to measles but to the COVID-19 pandemic as well)?
How does that lead to an increase in overall welfare for society? How did these governmental actions create those markets?
A price quote for equipment at Paul Engineering has been received at a cost. If the interest rate is 10%, what is the expected EUAC for this equipment?
Use a production function and indifference map to illustrate how much Robinson will work and how much he will consume in this economy.
A monopolist has demand and cost data given in the table below. The P column gives the demand data. How many units should this firm produce to maximize profit?
Show the firm's breakeven and shutdown points. Show the firm's supply curve. The wages of labor go up substantially. Draw what happens to firm's cost curves.
There are various literature outlining role of institution in economic growth. How poor management of institutions may actually restrict growth and development.
Why is Rousseau such an advocate for personal freedom and liberty? What's his view of despotic leaders?
What would be the firm's profit, consumer surplus, and deadweight loss if the consumer uses 20 kWh of electricity per day when the monopoly charges 26.67 cents/
Describe the seven steps of stakeholder analysis and relate them to an issue discussed in the ethics of employment in the horse industry?
Derive the equation of the contract curve. Find the competitive equilibrium price ratio. Determine whether a pareto-improving trade exists.
Provide example of price discrimination from your personal experience that thought was unfair. Do you still believe the price discrimination is unjustifiable?
Why do we feel we need all this stuff? What does that say about us as a society? Are we actually becoming happier?
Discuss how these characteristics change the perfectly competitive graphs. Does the process for deciding on the optimal price and quantity change?
What is the equation for the union's marginal revenue curve? What is the equation for the firm's marginal expenditure (on labour) curve?
Graph the marginal cost curve, average cost curve, and average variable cost curve (we will discuss these concepts more on Tuesday March 21).
Now price of good y increases to $6 while price of good x remains at $6. Jack's income remains at $120. Calculate his new utility maximising consumption bundle.
Calculate the amount of deadweight loss to society from not having perfect competition in tickets.
When firms have heterogeneous costs of abatement, tradable permits are more efficient than a carbon tax set equal to the social cost of carbon.
Describe one challenge of the country's health care system. Discuss one lesson that the United States could learn from the health care system.
Do potential restrictions on advertising in these markets serve interest of a government that is interested in maximizing its tax revenue from sale of products?
What are the long-run demands for capital and labor? How do Margarita Robotics' marginal and average costs change with increases in output? Explain.
If Taiwan is importing an increasing amount of goods from Japan. Create an increased demand for new TWD's in the Currency Exchange Market for TWD's.
Discuss what this law is and provide an example of diminishing marginal utility you've encountered recently.
Moving from free trade to the 100% tariff, by how much does the producer's surplus change? What is the deadweight loss for Country A caused by the tariff?