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In terms of preferences, what is the condition for the efficient distribution of goods? Explain why if all consumers face the same price for all goods, then we have efficiency (this takes a few steps of logic). Include a graph of a consumer maximizing their utility.
Explain how much money will Pat have available to spend on her new computer after 1 year.
Suppose now that the government reduces (t) and increases (t') so that the government budget constraint continues to hold. What will be the effects on an individual con-sumer's consumptionin present
Conduct a scholarly literature search of recent peer reviewed articles pertaining to the psychological and physiological effects of vision, noise, illumination, vibration, and daylight as it relates to ergonomic issues and the workplace. Select an ar..
Microsoft emerges to have a monopoly with over 90% of the personal Calculator operating market. Why then would it not be charging a monopoly cost.
What are the main reasons for the existence of financial intermediaries? Define asymmetric information. What is the Asymmetric information problem of lending? Discuss the adverse selection and moral hazard problems of lending.
A perfectly competitive firm will operate and incur an economic loss in the short run if. A perfectly competitive firm's short-run supply curve is the same as its. f firms in a perfectly competitive industry are presently earning zero economic profit..
During a recession, most firms experience a reduction in the demand for their products and service. In other words, their demand curve shifts to the left. In order to stay viable they often lay off their employees. How does it affect labor productivi..
Suppose Sammie Wall currently has a monopoly on widgets. The inverse demand function for the only customer interested in widgets is [P=40-6Q] and the cost to produced widgets can be described by the following cost function: [C=10+2Q^2] . If Sammie de..
Now fill in the column for Marginal Cost. Illustrate what pattern do you see
If the number of employed people in a population is 149,444 , the unemployment rate 5%, and the Labor Force participation rate 62.5%, calculate the working age population, number of unemployed people, and the Labor Force.
When the federal government runs a budget surplus, there may be a. Growth in GDP per capita will be achieved when. A World View article titled " Japan Sees Quake Damage Bill of Up to $309 Billion, Almost Four Katrinas" implies that the most likely im..
About one out of every ten dollars of federal government spending goes toward interest on the national debt. The most important source of local tax revenue is income tax. The most important source of state tax revenue is the sales tax.
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