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Deep global recession might trigger changes in expending from imported items to domestically manufactured items. What are at least two policies that governments might implement to encourage expending on domestic items and to discourage international trade? If these policies are implemented, what are some of the potential implications? Would this be a good step for our government to take?
Assume that the following table describes prices, incomes, and per person lobster consumption in three United States cities.
Political Economy GV307 : Consider the model of “no theft” where the consumer pays the official government price plus a bribe in order to obtain X. Assume that the official marginal revenue for selling the good in this context is given.
Consider the relationship given by QCars = 100 + 4xPCars - 2xPSteel - 0.2xPWorkers, where QCars is the quantity of cars (in thousands), PCars is the price of cars and PWorkers is the wage earned by autoworkers.
Suppose you are starting your own Internet business. You make a decision to form a company that will sell cookbooks online. You estimate that the yearly cost of this business will be given as follows:
Name some areas of business in the United States where the prevailing market structures have changed dramatically in last 20-years and discuss the direction of change
What is the shutdown point? Give an example. How is the short-run defined in the production process? Please provide references if applicable.
The water company is privately owned and is the only water company in town. It is licensed and franchised by city for a 10 - year term, just renewed.
What are some the kinds of incentives for providers for efficiency in delivery of healthcare services. Describe who bears the financial risk, the provider, the patient, or the managed care organization?
Cubby Company entered into a lease contract for ten photocopy machines for its corporate headquarters. The lease contract qualifies as an operating lease in all terms except there is a bargain buy option.
Suppose you are the CEO of ClipIt, a paper clip producer. Your firm enjoys a patented technology that allows it to make paper clips faster and at a lower cost than your only rival, FastenIt.
Assume that a simple society has economy with only one resource, labor. Labor can be employed to produce only two commodities- X, a necessity good (food) and Y, a luxury good ( music and entertainment). Assume the economy produced at a point inside..
Discuss the main factors (supply and demand) affecting the current price of gasoline. Include at least two supply and two demand.
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