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Evaluate the following statements as True or False, then explain your answer:
a. if relatively more drug users are addicts rather than casual users, prohibition will be more effective. Is this statement true or false? Explain.
b. the interest income that could have been earned on money invested in a college education is not relevant to the decision to attend college. is this statement true or false? Explain.
c. increases in aggregate demand will always result in an increase in employment. is this statement true or false? Explain.
d. expansionary fiscal and monetary policies would not be very effective in dealing with the unemployment problems experienced by most European nations. is this statement true or false? Explain.
e. the prospect of Social Security benefits has induced workers to retire at earlier ages. Is this true or false? Explain.
Suppose the market for a certain dosage of generic blood thinners has a supply described by P=1.88+2.62Q and a demand described by P=4.74-1.39Q. Calculate the equilibrium quantity?
What is the equilibrium price paid by the demanders for merino ewes now. Elucidate what is the equilibrium price received by the suppliers for merino ewes.
Mrs. Smith is earning a loss and should shut down in the short run. Mrs. Smith is earning a loss but should continue to operate in the short run. Mrs. Smith is earning a profit since the price is above the average variable cost.
Demonstrate provide/demand curves also equilibrium for the USA, assuming no imports.
Would you argue that large scale operations are more or less efficient or that they have too much market power? Do they reduce consumer choice? What is your position?
Illustrate what steps would your group have to take to drive our country out of this economic slowdown and towards a more prosperous America.
Continue assuming that Supply is given by the equation P = 2Q and Demand is given by P = 6-Q.how much total tax revenue is raised.
How would you evaluate Mitchell as a follower? How would you evaluate his courage and style? If you were Mitchell, would you confront Garrow and share your honest feelings and frustrations?
What are carrying costs in the denominator of the economic order quantity (EOQ) formula? How do large carrying costs affect the economic order quantity?
Illustrate what relationship must hold between x and p so that A second order stochastically dominates B.
how resource growth and improvements in technology can allow a nation to increase its production of government goods and services while also increasing its output of private goods and services
q.a monopolist operates in two markets. one market is the domestic market described by the demand function qd100-pd
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