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Question: Another important law in economics is the "law of marginal returns or the law of increasing costs". Discuss in terms of your study in this course, how might you know that you are at a point of diminishing returns, or where more study will not benefit you like it did before? Can you identify any of the costs discussed in this lesson in your decision about how much study is enough? MUST BE 250 WORDS AT LEAST.
Should hackers be hired by companies to identify system vulnerabilities? Should lesser penalties be given to hackers that are motivated by intellectual curiosity than crackers who have clear criminal intent?
1. Using the following demand and supply functions answers the following questions. Qd = 22 - 2p + 0.5Y; Qs = 15 + 4p - 2CI; where Y = income and CI - cost of inputs.
Identify a situation in the past 50 years in which the government used antitrust policies to stop a monopoly from occurring. Include the circumstances of the proposed monopoly and the reason the government stepped in.
Demonstrate the effect of expansionary monetary policy in the AS/AD model when the economy is:
Suppose that American households change their tastes such that they want to save more at every level of income.
Give one example of a market failure, such as air pollution, water pollution, illegal immigration, orchild labor, that is an international problem. Describe the roleof the U.S. government in addressing this international marketfailure and explain ..
To increase revenue and profit, a firm is considering a 4% increase and an 11% increase in advertising. If the price elasticity of demand is -1.5 and the advertising elasticity of demand is +0.6, would you expect an increase or decrease in total r..
What was the result of the Kenedy tax cut of 1964? I believe it is that the unemployment rate decreased and the economic growth rate increased, yet I see sometimes where it states that unemployment increased
Imagine an economy with six industries: What is the aggregate spending on newly produced final goods and services, in this economy?
Mention the four assumptions for the Monopolistic competition model.
At what level of car production will the company be better off using two factories instead of one?
According to the neoclassical modelof economic growth with a Cobb-Douglas production function, the growth rate ofcapital per effective unit of labor is given byDk/k =ska -1- (d + n +g). For the US economy, s = 0.2, k/y = 2.5, δ= 0.04, α = 0.3,..
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