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Monopoly Market
1. The simple case of a fixed per-unit tax is indicative of more complicated ones. Consider a proportional sales tax and a progressive sales tax. How do the tax revenues, and quantities produced compare in these various cases?
2. Explain how value can be created simply by exchange even when nothing new is produced? [This is true for a monetary and for a barter economy].
3. Explain how competitive privately issued currencies would work automatically to provide consumers with protection against inflation?
4. Would interest exist in a pure exchange economy where no production occurred? Explain.
5. Briefly contrast the static and dynamic views of monopoly and the policies appropriate for each.
Providers create a demand beyond the amount the well-informed consumer would have chosen. How do we create an alignment of incentives that creates the best possible outcomes for the provider, supplier and the patient?
The U.S. Federal Government enacted several compliance laws that protect privacy data of individuals and mandate that proper security controls be implemented in order to achieve compliance with an actual law.
Suppose the demand curve for a monopolist is Q=12-P and the marginal cost for the monopolist is MC=Q. What is the profit maximizing quantity and price for the monopoly - Calculate the profit of monopoly and deadweight loss
Compute total revenue at each and every price for this demand curve.
Bill sees a classified ad offering a used DVD player for $5. On the opposite page, he sees a big color ad from a national electronics chain offering new DVD players for $50. Bill values a DVD player at $75 so long as it works, regardless of whether i..
Use the expenditure function calculated in part (b) to compute the compensated demand functions for goods x and y. Describe how the compensated demand curves for x and y are shifted by changes in income or by changes in the price of the other good.
The Shift of American Health Insurance Policies - How the Changes Affect Our Economy, What health program is better financially and morally?
Locate information regarding fixed and variable costs of operating the business
What shares of revenue in Scarsdale come from federal, state, and local revenues? How much were instructional expenditures per pupil in Scarsdale in 2003-04?
Consider the following two good pure exchange economy: Alfred's utility function is U A (x, y) = min{x, y} and Bob's utility function is U B (x, y) = max{x, y}.
Macro-economics is perhaps most divisive area of economics. Macro economists divide themselves into different schools of thought. Two of the biggest camps are the Keynesians and the Monetarists.
Identify three effects that trade barriers can have on an economy,its industries, and the firms within those industries. Are theseeffects beneficial or detrimental?
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