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The city mayor of Edmond, Charles Lamb, recently has been questioned about his housing policy from other members in City Council. The average rent for a single family house in Edmond is rapidly increasing in the past three years. One proposed solution is rent control. The idea is to set up a price ceiling for the rent in the city of Edmond (for instant, normally tenants pay $1000-$2000 a month for a 1500 -2000 sqft single family house. Rent control can limit the price to be under $800 per month). What is your suggestion to Mayor Lamb based on the knowledge you learned in Microeconomics. (Hint: A shortage in the market)
As your client is intent on investing aggressively, you will want to include the "beta" associated with each instrument relative to the S&P 500 Index.
Discuss economic and ethical aspects of safety regulations. THE discussion on the chapter 3 “Flying the Friendly Skies” in the economics of public issues 18 edition .With examples of when there may be a conflict between an ethical and an economic/mar..
In your own words, (briefly) describe the "Lucas critique", and explain how the "modern micro-founded" method of macroeconomic modeling attempts to address the Issue that the Lucas critique raised about the "traditional" approach to macroeconomics th..
The table below shows a monopolist’s demand curve and the cost information for the production of its good. What will their profits equal? Quantity: 10,20,30,40 Price per unit: 100,80,60,40,20 Total Cost: 100,400,800,1400,2400
Suppose you are considering starting your own consulting firm. You estimate if that if you did not start the firm, your starting salary at a job would be $40,000/yr. The revenues from this firm are expected to be $1,500,000. Determine the pre-tax acc..
Suppose there are two lanes of traffic going in the same direction. The left lane has one percent of the number of cars in it compared to the right lane, and is moving at a fast speed. Would such a move increase or decrease the average speed of all c..
Suppose Jennifer has $42,000 in currency which she deposits in her bank. If the reserve ratio is 50%, this will lead to a maximum increase of ________ in M1 throughout all banks.
The 2 firms form a cartel & arrange to split total industry profits equally. Under this cartel arrangement, they will maximize joint profits.
What is the equation of the supply curve if input prices are $10 and the price of Z is $20? Graph the supply curve that you found in part a) showing intercepts and slope. What is the minimum price at which the firm will supply any of good X at all?
Discuss how important it is to you that your organization’s workplace values are in accordance with your own values. What are the dangers of a disconnection between workplace values and individual values?
Draw the complete intertemporal consumption-savings model, and label completely and correctly. You may choose whether your consumer is a borrower or a lender, but state your choice.
How is GDP a measure of both output and income? How is it possible that both measures of GDP - income and expenditure approach - can end up with the same number?
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