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The Eurozone has some countries with severe debt problems: Portugal, Ireland, Italy, Greece and Spain ... sometimes known as PIIGS. These Euro countries are looking for and have been assured of a "bail-out" process so that no one defaults on their debt. What do you now think is likely to happen to the relative value of the euro?
5.the benefit of cutting down a forest is 1 million now. the environmental cost of that harvest is 10year forever.1 at
In Houston, Texas, there are 10 household each with a demand for electricity of Q = 60 – P. Houston Lighting and Power's (HLP) cost of producing electricity is. If the regulators of HLP want to make sure that there is no deadweight loss in this marke..
Assume you have the power to make reforms to the way tax research and planning is currently conducted. Propose the reforms you would make. Justify your response.
(Price Posting) A monopolist supplies to a market with (inverse) demand given by D(Q) = 100 ? Q. The monopolist has constant marginal cost c = 2. Compute the monopolists profit-maximizing supply choice and the corresponding mark-up over marginal cost..
Joey, David, Tracy, and Surly own one track bicycle apiece, and they\'ve each modified to sell them as fixed-gear bikes or \"fixies.\" Joey is willing to sell his bike at $100 or more. Likewise, David will sell his fixie for $150, Tracy at $200, and ..
Calculate the substitution and income effect for the utility function: u(x,y) = x + lny and show that the Slutsky equation applies to those cases.
Haven’t there always been “knowledge” workers, people who do more than what a robot could do? Why, then, has such a big deal been made of the “knowledge economy” and the “knowledge worker” in recent years?
Explain how and why trade barriers have come down in recent decades. List the reasons why our trade deficit has grown so quickly since the mid-1990s. What can we do to help bring it down? Explain how international trade (exports and imports) affects ..
Consider we did technological change in the class where it does contribute to one side of the production use that to understand the problem.
Which type of approach does the Environmental Protection Agency take toward resolving externality problems? To maximize social welfare when there are no externalities, __________ must be equal to __________.
What is the total market demand for poly-glue at the price established by Alchemy. How much of the total demand will the follower firms supply.
Consider the classical model of National Income. What determines the total output of the economy? Why is GDP such an important metric/variable in macroeconomics? What determines the distribution of income in this model?
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