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In each of the following cases, explain whether you think the situation is efficient or not. If it is not efficient, why not? What actions would make the situation efficient?
a. Electricity is included in the rent at your dorm. Some residents in your dorm leave lights, computers, and appliances on when they are not in their rooms.
b. Although they cost the same amount to prepare, the cafeteria in your dorm consistently provides too many dishes that diners don't like, such as tofu casserole, and too few dishes that diners do like, such as roast turkey with dressing.
c. The enrollment for a particular course exceeds the spaces available. Some students who need to take this course to complete their major are unable to get a space even though others who are taking it as an elective do get a space.
Ryan expects to deposit $1,000 now, $3,000 four years from now, and $1,500 six years from now in an account that is earning 12% per year compounded semi annually through a company-sponsored saving plan. What amount can he withdraw ten years from now?
Access to health care is defined as the timely use of needed, convenient, acceptable, affordable and efficient healthcare services. How can access be improved in the U.S. health care system? Are there tradeoffs? The more original the answer the highe..
suppose you have announced you will meet the competition in response to entry threats by a potential rival who has done
What is a country with a positive net investment? What is a country with a negative net investment? What makes them positive or negative?
Assume you are the owner of a small cafe that employs 15 people, 10 of whom are front-line, unskilled workers, and currently paid the minimum wage. The state government is considering increasing the minimum wage. As a business owner, would you su..
the abc company is a fully integrated company that both produces goods and sells them at the retail outlets. after
WHAT IS THE CURRENT UNEMPLOYMENT RATES? WHAT FACTORS AFFECT EACH OF THESE ECONOMIC VARIABLES?
Suppose the jeans industry is an oligopoly in which each firm sells its own distinctive brand of jeans. Each firm believes its rivals will not follow its price increases, but will follow its price cuts. With the aid of diagrams, explain the demand..
Discuss the firm's activities outside the U.S and identify which economic concepts, such as comparative advantage, apply to your firm.
Discuss the costs and benefits of obtaining a graduate degree - Long Term Investment--How about Ethical bankers for a change class.
how does a government budget surplus affect the u.s. economy? identify two periods in recent history in which the
Outline some of the rulings for affirmative action under Title VI of the Civil Rights Act of 1964, and the Supreme Court Decisions in the 1980s that forced the viewpoints to change of the current seniority system. Explain how the latter Civil Rights ..
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