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Suppose your consulting firm was hired by a city to determine if it is worth it (from an economic/social optimization perspective) to submit a bid to host the next Summer Olympics.
a. What people/groups should be included in your analysis? Why?
b. Would your answer change if a private company were to bid to host the Olympics as opposed to a city or other public sector entity? Why or why not?
c. List 3-5 of the most important/impactful issues you would want to consider when determining costs and benefits of hosting the Olympics?
d. How would you measure each of the items you listed? How would you monetize each measure? Why would monetizing be necessary to conduct a CBA?
The marginal utility of a pizza is 20 utils, and its price is $2. If you buy one unit of each good, will you achieve consumer equilibrium? If not, how can greater total utility be obtained?
Discuss in the detail the Balance Sheet. What is shown on the Balance Sheet? Why is the Balance Sheet important to a hospitality firm? (400 words required.
If buyers pay $8 per unit to the intermediary but sellers offer to rebate part of that expense to buyers.
q.an individual has a comparative advantage in the production of a particular good if she can produce it at a lower
The physician's office charges you a nonrefundable fee of $50 for the missed appointment, which cannot be applied to a future appointment. How much should you now be willing to spend for a new appointment? $50 $120 $0
q1. consider the economy as summarized by the above equations. assume which the mix of fiscal and monetary policies is
Illustrate what might account for these trends. Compute currency in circulation as a percentage of M2.
Describe an environment in which permit trading can contribute to economic efficiency. How do permits make such a contribution Why in a traditional model are permits and Pigouvian taxes considered equivalent in implementation? Give a reason that in p..
If it makes sense that one type of labor can substitute for another in production, how can capital, a physical object, substitute for labor, a human being?
What is the impact of free trade on domestic job creation policy? Elaborate with examples. What are the impacts of outsourcing and off-shoring on trade liberalization (globalization) and economic structure?
Suppose the government sets a controlled price below the market clearing price for a commodity. Draw a diagram and use the idea of a maximum buying price to explain whether the total price paid by the buyers will end up lower or higher than before.
What are the characteristics of of a pure competition market structure? What is the shape of the demand for the product of one competitive seller? How does one competitive seller decide what to produce in the short run? What is the short run supply c..
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