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Welfare recipients would rather receive cash benefits than in-kind benefits, (medical care, housing assistance, food stamps), but much of the welfare system provides in-kind benefits. Is there a reason for not giving recipients their welfare benefits the way they want to receive them? Would it be better to move to a welfare system that provides benefits only in cash? Also, the restaurant industry is currently lobbying congress to allow restaurants to accept food stamps. Thoughts?
The following two equations express the relationship between price and quantity. Calculate the equilibrium price and the equilibrium quantity? Show your math. At what price is
Which of the following is NOT an example of a managerial decision with risk-averse consumers? The expected revenues in auctions with risk-averse bidders with independent priva
What do cities do to try to balance out the inefficiencies arising from the three often conflicting criteria for determining optimal jurisdiction size? Be sure to describe the
In order to reduce the unemployment rate jobs must be created... new jobs! Both the Federal Reserve and government have proposed a number of solutions and programs in order to
A new online patient diagnostics system for surgeons will cost $200,000 to install, $5,000 annually to maintain and have an expected life of 5 years. The revenue is estimated
Choose a specific target market that an advertiser might want to reach. Discuss how magazines and/or newspapers could be used to reach this particular market segment in a cost
If a bank has deposits of $10,000 and reserves of $5,000 and if the reserve requirement is 20%, it can make loans of $5,000. A decrease in the demand for money would result fr
Use the formula for price elasticity of demand to show that the students demand is more elastic than the teacher, at their respective optima,(yt,pt) for teachers and (ys,ps)fo
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