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Discuss the impacts of marginal utility. Imagine that you are a seller of sunglasses: How can you increase the consumer demand curve by helping increase the marginal utility for consumers? Detail specific steps to take and provide examples.
Why do celebrity icons receive such widespread attention and adulation
Defenders of communist economic systems may point out that consumers pay lower prices for certain goods because the government imposes a limit. Cite at least two other ways which consumers may be paying for these goods
We suggested above that an annually increasing renewal fee would be an efficient means of setting optimal patent life. Similarly, suppose that owners who wanted to restrict future use of their property had to pay a fee for each year that the restrict..
Illustrate what is the cooperative surplus. $100, the cost of litigating. What would be a reasonable settlement for Betty to pay What Arthur.
You are the owner of a local Honda dealership. Unlike other dealerships in the area, you take pride in your “No Haggle” sales policy. Last year, your dealership earned record profits of $1.5 million. In your market, you compete against two other deal..
What is the current plan/bailout for Greece? Which countries and organizations are giving the country money? What are the conditions that Greece must abide by to receive these funds?
What are the positive and negative aspects of budget deficits and surpluses? What policy is best for today’s economy? Explain your answer.
Describe how, if at all, each of the following developments affects income, the exchange rate, and net exports in an open economy with floating exchange rates: Suppose the government wishes to lower the exchange rate, ε, but not to change real output..
The price elasticity of demand for the final product affects the own-wage elasticity of demand for labor by affecting the magnitude of:
Explain the main arguments in favor of economic stabilization during recessions. Explain why policy lags could make stabilization policies counterproductive. What are the justifications given in favor of more government involvement in the market econ..
How do entities determine their fiscal period? Give an example. How would you define a highly leveraged company? What ratio would you use to determine this? Tell me one thing you learned from the guest lecture, and how do you think it may be useful f..
Why does the Fed manipulate the money supply ? Why might a price "freeze" help monetary policy to succeed?
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