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1.You are the CEO of Exxon/Mobil: Your head of Research Department informs you that his chemists have devised an additive that doubles the mileage of Exxon/Mobil gasoline. What do you do?
2. Your friend tells you that he just bought a new set of speakers for his stereo system that cost 3 times as much as his former speakers. When asked if the new speakers are 3 times better he says no. So, why did he buy them?
3. Discuss the Henry George idea for a single tax on real estate.
4. Why did the California State Lottery extend the payoff period from 20 years to 26 years?
5. Why have health care costs risen to steeply in the past 20 years?
6. Discuss the merits of pollution credits versus carbon taxing.
The utility function is U = U (X, Y) If the 2nd derivative for both x and y is greater then 0, does that mean the indifference curves are both convex? Explain why or why not.
Economists often study and evaluate economic policies by country or region. As an economist, evaluate different regional trading arrangements. Select one regional trading arrangement and describe three economic effects of the arrangement. Plea..
Consumers stand to benefit from more accurate and informative advertising. Accept, for the sake of argument, that the advertisements do create a false impression. Pharmaceutical companies, publishers, and broadcasters have an interest in maintaining ..
In the short run, a firm operating in a competitive industry will shut down if price is less than average total cost, less than average variable cost.
A firm conducted a research about the demographics of their customers. For the study they collected data about the following variables: gender, marital status, credit rating (low, medium, high), annual income, and age.
What is the variable cost and when output is 10,000, what are the average variable cost and the average fixed cost?
Explain how a company that is competing in a purely (or perfectly) competitive market should increase its competitive stance in the marketplace. Provide specific examples.
Assume that the price of silk ties in a perfectly competitive market is $17 and that the typical firm confronts the following costs: Quantity (ties per day) 0 1 2 3 4 5 6 7 8 9 10 Total Cost 17 24 33 44 57 72 89 108 129 152 177
Suppose that oil prices rise sharply for years as a result of a war in the Middle East. Illustrate with a diagram what happens to the: Demand for automobiles? Demand for home insulation? Demand for coal? Demand for tyres? Demand for bicycles?
Economic incentives were at heart of westward expansion across North America in late 18th centuries, so let us apply some economic analysis to the condition.
Examine the history of immigration to the United States from the Cape Verde Islands. How did the immigration to the US impact Manuel?
1- solve the partial derivative of the following functions with respect to each independent variable2- does any of
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