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Describe a database for a system that you use either professionally or personally. This could be a database that you access directly or indirectly (such as the database at a store where you shop). Identify the social and ethical issues associated with that database. Are there unique privacy concerns or intellectual property concerns associated with the database? Recommend a solution to address these concerns.
Compared with perfect competition, quantity produced in monopolistic competition is inefficient as price is higher than marginal cost (i.e. allocative inefficiency). Why do some economists argue that even if price is higher than marginal cost, it doe..
How does the emergence of interest-rate risk help explain financial? innovation?
Give an example of the Law of Demand, the Law of Supply. In the rental market [choose one class to where you live or where you work] tell us 'the equilibrium rental for a 2 bathroom, 2 bedroom apartment in a safe neighborhood close to great transport..
What is the purpose of criminal law? Explain how crimes are classified? Give two examples of white-collar crime. What do you believe the punishment should be for this crime?
Suppose that the nominal interest rate on three-month Treasury bills is 8 percent in the U.S. and 6 percent in the U.K., and the rate of inflation is 10 percent in the U.S. and 4 percent in the U.K. a. What is the real interest rate in each nation? b..
Suppose that Susan has a utility function U(D,F) = 10DF , where D is days of domestic travel, and F is days of foreign travel. Let the price of D be 100, the price of F be 400, and total income for travel be 4000. What is the set of market baskets th..
Derive the correlations between P* and Y, and Q* and Y. Discuss their signs. (Quantitative methods in Economics)
To engage in first-degree price discrimination a firm must
Gary has two children, Kevin and Dora. Each one consumes "yummiest" and nothing else. Gary loves both children equally.
A micro-brewery is considering the installation of a newly designed boiler system that burns the dried, spent malt and barley grains from the brewing process. The boiler will produce process steam that powers the majority of the brewery’s energy oper..
Address the following: Price elasticity of demand refers to the percentage change in demand resulting from a percentage change in price. Please review the definition of relative inelasticity and relative elasticity. These terms refer to how much dema..
How might managers interpret the potential for their product in a market that is, in absolute economic terms, large but, on a per capita basis, characterized by a majority of poor consumers? In the event that the BRICs fail to meet projected performa..
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