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In 2009, Congress and the president enacted "cash for clunkers" legislation that paid up to $4,500 to people buying new cars if they traded in an older, low-gas-mileage car. Was this legislation an example of fiscal policy? Does your answer depend on what goals Congress and the president had in mind when they enacted the legislation?
What is the optimal level of production of wine decanters and what is the marginal revenue from the last wine decanter sold and what are the total revenue, total cost, and net benefit (profit) from selling the optimal number of wine decanters?
What is the effect on the economic well-being of a nation when a tariff is imposed? Consult a newspaper and identify an industry where there currently is a tariff. What is the effect of this tariff on the U.S. economy?
Given the budget equation 5M + 10P = 100, where M represents movies and P represents pizza, the slope of the budget line
suppose two entities are considering collusion - to make things legal consider a situation similar to opec except
Airphone, Corporation Produces cellular telephones at a processing cost of $47 each unit. The firm manufactures an average of 250 phones per week and has a yield of 87 percent good-quality phones
Assume a household with a monthly income of $5,000. This household allocates its income to the purchasing of food and nonfood products. If the average price of food products is $20 per unit and nonfood items cost $150 per unit- Write the hous..
Assume that a $1,000 bond issued in 2012 pays $100 in interest each year.What is the current yield on the bond?
While some of you may not choose to enter economics as a profession, hopefully you have gained some understanding of economic issues from the course. Pick any current event that interests you.
Write down the consumption function, the investment function and the planned aggregate expenditure function. Write down the equation representing the economy at its equilibrium.
What, from your point of view, is the optimal contract to offer him? Will salesman give high or low effort under this contract? What will be your profits?
assume that you are going to open up a lemonade stand. you have savings in cash of 100 to begin your venture. you
Yet, watermelon prices are normally lower in summer than in winter. Use the demand and supply theory to demonstrate how this is possible
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