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Recently there has been discussion in the news about taxing junk food (soft drinks, for example) in an effort to reduce the incidence of obesity in the U.S. Do you think the demand for junk food is elastic or inelastic with respect to price.
Based on your knowledge of the price elasticity of demand, do you think the deadweight loss of a soda/junk-food tax would be relatively large or relatively small? Why? Do you think taxing junk food would be a good idea? Based on your analysis, would it really help reduce the number of obese people in the United States? Explain.
Identify a product that you regularly consume, such as soft drinks or a particular snack food. Describe how your demand (consumption) will be impacted by a 25% price increase.
Illustrate what will be the percent change in hotdog sales if the price of hamburgers goes up by 10%.
The types of machines that are used to make stained glass windows in the 21st century and the prices of each machinery.
Illustrate what are the short-term and long-term implications of states disagreeing on recognizing marriages performed in other states.
Why is marginal cost curve upward sloping? Is marginal cost curve always going to be upward sloping for all firms? What are the main determinants of economic growth? How is growth related to Production Possibility Frontier?
MacKenzie believes that his citation of past and current unemployment figures, including those that break down the statistics by groups of age and ethnicity, is empirical proof that minimum wage = unemployment. Confront this assertion from the per..
What factors might cause a rightward shift of the aggregate demand curve? What might induce a rightward shift of aggregate supply?
The marginal propensity to consume and the marginal income tax rate are 0.9 and 1/3, respectively. The budget deficit is observed to increase by 90.
Consider the idealized cycle of health information in evidence-based medicine where database systems offer information sharing service for doctors, medical researchers, medical institutions, and patients.
What is the mission and legal mandate of the Federal Reserve System? What policy tools are available to the FED to achieve their mission? What is the difference between an insolvent bank and an illiquid bank?
Give a comprehensive definition of equilibrium in relation to firms and conditions necessary for it to be realized.
The following machine description will provide the basis for this assignment. You will create a virtual machine/operating system for the machine described below that will accept programs in the target machine language. The details for this assignm..
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