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Discussion Questions
I need 3 different Discussion to be answered, by replying to what the student wrote. I'll forward the Discussions as we agree to shake hands.
Word counts asnwer question no more than 100 words if more than great.
Comments has to refer to what the discussion is about.
Be careful to identify the positive reasons for your normative position. The normative position and comments are by far the most important part and carry the most weight.
Econ 111: Principles of Economics - Accelerated Treatment - Problem Set 1. If Tom and Mike devoted half of their time (10 out of the 20 hours) to hamburger preparation and half of their time to waiting tables, what would their individual outputs be..
Consider Marginal Revenue (MR) and Marginal Cost (MC) to answer this question. Explain how MR and MC are used to determine the optimal (maximum) allocation of resources to a particular product?
You need both equations and clearly labeled graphs (separate graphs for each question) to answer the following questions. Assume that b=1/2 and that initially the real interest rate is equal to the marginal product of capital at 3%. As well, assume t..
Draw a picture of the two production function relationships you computed in parts (a) and (b) placing output on the vertical axis and labor on the horizontal axis. Verbally explain the effects of a change in technology on the aggregate production ..
The U.S. government is considering reducing the amount of carbon dioxide that firms are allowed to produce by issuing a limited number of tradable allowances for carbon dioxide
When GDP is high or increases does it indicate higher income If so when GDP per capita increases why do saving ratios decrease when savings is income induced ie a rise in income increases savings and a decrease in income decreases savings
What would happen to his budget line if the price of good X decreases to $1. Draw this new budget line on your graph and label it Budget Line - Find the point that maximizes the consumer's utility if the consumers income
Discuss in general the appropriate metrics that one may require to track. Also explain how investing in IT with an eyes towards the replacement or automation of another project or issue or task may work.
Suppose a firm has the following total cost function: TC = 100 + 4q2. What is the minimum price necessary for the firm to earn profit? Below what price will the firm shut down in the short run
A poor person who has an income of $1,000 receives $100 worth of food stamps. Draw the budget constraint if the food stamp recipient can sell these coupons on the black market for less than their face value.
What is an externality and What is the difference between positive and negative externalities? Do both of these constitute economic problems?
For the next 3 questions, assume that there is a $8 per unit excise tax levied on the consumers of the product. C) What price will buyers pay after the tax is imposed D) What is the deadweight loss created by the tax E) What is the quantity of the go..
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