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What are the major provisions of the Sherman Antitrust Act and the Clayton act? What is the difference between the two acts? How did one lead to the other? Do you feel the government should regulate those who form monopolies and restrict competition? Or should it be left up to the market?
Elucidate why the return to deficit spending since the turn of the century.
Compute the revised slope of the AE cure and the multiplier when you know that the imports and the marginal tax rate
Preventive care is not always cost-effective. Suppose that it costs $50 per person to administer a screening exam for a particular disease. Also suppose that if the screening exam finds the disease, the early detection given by the exam will avert $5..
q.let the inverse demand curve be d q 56 - 2q q q1 q2. costs for each firm are a constant variable cost of 2 a unit
According to the political business cycle theory, if the Fed wanted to see a President re-elected, prior to the election it might
Econ 522 - Economics of Law - Contract Law - Consider a contract to sell an old piece of furniture which looks worthless, but turns out to be a valuable antique. Explain how the principle of "uniting knowledge and control" supports this rule.
This is labor economics. Here is a question. If a modest but binding minimum wage is placed on a competitive labor market, what will happen to the price of the good made by firms in this market? How does your answer change if this is monopsonistic la..
Those who use it to make ethanol and those who use it as animal food. Suppose the elasticity of demand differs between these two groups. Is a perfectly competitive corn farmer able to price discriminate? Why or why not?
Discuss examples from economic theory that would be estimated using the methods of simultaneous equation models.
Joe won $365,000 a year for life in the state lottery. Use the labor-leisure choice analysis to answer the following. show how Joe's lottery winnings affect the position of his budget line. Joe's utility function for goods per day (Y) and hours of le..
Assuming that the cost of capital is $1,000 and labour costs $10.00 per hour, determine the total variable cost, average variable cost and the marginal cost of the firm for the output levels given above.
According to the Solow model, Japan had a __________ growth rate of output per capita than the U.S. during the 1960s and 1970s because ____________.
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