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Public Policy
“Understanding public policy is both an art and a craft.” (Dye, 2010, p. 8).
Explain how policy makers can perfect their craft for the betterment of society. Respond to at least two of your fellow students’ postings.
q.firm 1 is the incumbent in a market lasting two periods with inverse demand curve p74 -9q. its first-period costs are
Is it necessary to register a trademark? What are the benefits to registering a trademark? What distinguishes a trademark from another symbol or group of words?
Suppose that the current international price of wheat is $6 per bushel and that the United States is currently exporting 30 million bushels per year. If the United States suddenly became a closed economy with respect to wheat, would the domestic pric..
A monopoly firm with market power will produce a level of output at which price is greater than marginal cost. Is this statement true? Explain your reasoning, and use a graph (the monopoly model with positive economic profit) to support your answer
A forklift can be purchased for $30,000. The market value of the forklift decreases by 20% of the previous year’s value for 2 years, and then by 15% in years 3 through 10. Maintenance is $400 in years 1 and 2, and then jumps to $750 in year 3. After ..
Suppose the CFO of an American corporation with surplus cash flow had $50million to invest last March 20, 2015 and the corporation did not believe it would need to utilize these funds to retool or expand production capacity for 1 year. What must the ..
Suppose that the government and the Federal Reserve have conflicting goals. The government wants to encourage economic growth by. But the Federal Reserve wants to decrease inflation by.
One form of price discrimination is bundling. Rather than make up a problem and require you to solve it, you make up a problem for me! Here are the rules: Keep it simple: 3 consumers and 2 goods. The good has zero marginal cost of production and no f..
What influence did the elements of the Juran Trilogy have, if any, on the company's quality training curriculum? If the company does not have a quality curriculum, why do you believe, based on your research, it adopted the Juran Trilogy but did not m..
Skyscraper City has a subway system, for which a one-way fare is $1.50. There is pressure on the mayor to reduce the fare by one-third, to $1.00. The mayor is dismayed, thinking that this will mean Skyscraper City is losing one-third of its revenue f..
Consider our core values of Excellence, Community, Integrity and Responsible Stewardship: Should the U.S. continue farm subsidies? Make sure to incorporate the concept of comparative advantage and gains from trade (vs competitive advantage)
Suppose that the price level is fixed in the short run so that the economy doesn't reach general equilibrium immediately after a change in the economy. For each of the following changes, what are the short-run effects on the real interest rate and ou..
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