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The City of Milwaukee is considering suing the manufacturers of handguns and other firearms, on the basis of a “public nuisance.” “Nuisance” is defined under Wisconsin statutes as “any source of filth or cause of sickness.” The theory is that laxity in the distribution of guns by the manufacturers allows for more gun-related injuries, causing higher expenditures by the city on police and ambulance services. Does such a lawsuit have merit, or is this simply a means to circumvent any challenges to gun control legislation?
Suppose there are two types of shirts available to Carl: red shirts and black shirts Carl is always willing to exchange three black shirts for one red shirt. Draw several indifference curves to illustrate Carl's preferences. Are Carl's preferences co..
Which of the following might most closely represent a monopolist? In a monopolistic labor market, the marginal-factor-cost curve is
If a Japanese citizen in Japan receives dividends from the shares of stock she or he owns in General Electric, an American firm, the transaction would be recorded on the U.S. balance of payments as a:
The shape of the long-run cost curve is determined by economies and diseconomies of scale. Contrast this curve with the short-run cost curve as it relates to increasing and diminishing marginal returns to labor.
Summarize the recent policy of the Federal Reserve concerning the level of interest rates and the reasons for this policy. Do you agree with this policy? Why or why not? How does this policy affect the supply of and demand for products and services?
How much must be deposited in an account to have annual withdrawals of $1000 forever? Interest is compounded quarterly and the interest rate is 9% for the first 10 years and 10% thereafter.
Discuss the idea of DRG-based prospective payment mechanism for hospitals. Discuss the potential effects of DRG payment on quantity of services produced by the hospitals, composition of different types of services offered, incentives for adoption of ..
which planet has the comparative advantage in coffee? in fried chicken?
Suppose product demand is given by the column labeled D1. If the wage rate rises from $100 to $130, the firm will reduce the quantity of labor employed by _____ unit(s) Compared to an otherwise identical competitive firm, a firm with monopoly power w..
q1. 1. suppose mpc is 0.8 initially. households then change their behavior so that the mpc falls to 0.75. what happens
How does the introduction of minimum wage in the US confirm or dispel that minimum wage was never indented to be a living wage? What are at least two specific goals of minimum wage laws and what modern day societal occurrences speak to either proof t..
Studies indicate that the changes in fiscal and monetary policy affect the 3 economic agents in the economy (households, firms and government). How do the changes in monetary and fiscal policy instruments affect you personally or work wise?
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