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Q. 1. Suggest how an economist would approach the problem of alcohol abuse. Provide two possible solutions to this problem. Include the four elements of the economic way of thinking in your analysis.
2. Analyze how prescription drugs affect the demand and supply of other products and services in this country.
3. Formulate a reason why the elasticity of demand is an important consideration when analyzing the impact of a shift in supply and why the elasticity of supply is an important consideration when analyzing the impact of a shift in demand. Include at least one (1) example in each scenario.
4. Provide two (2) examples of increasing-cost industries in your state and propose why they would have a positively sloped supply curve.
5. Suggest how, under certain conditions, a perfectly competitive market is economically efficient.
6.Use at least three (3) quality resources in this assignment.
General Cereals is using a regression model to estimate the demand as well as for Twee tie Sweeties, a whistle-shaped, sugar coated breakfast cereal for children.
Iran subsidizes gasoline, leading to a cost to consumers that is one-fifth the market cost.
The cause and effect on how and why there was a government shut down a month ago.
Proposals for modifications of the law are formulated by committees. Under the closed rule, the legislature may either accept or reject a proposed modification, but may not propose an alternative.
Social responsibility other than to make as much money for their stockholders as possible. Explain why you agree or disagree with such a statement.
Suppose each of the five sellers can supply at most one unit of the good. Elucidate the price when market quantity supplied is exactly 3.
Under oligopoly if one firm in an industry significantly increases advertising expenditures in order to capture a greater market share, it is most likely that other firms in that industry.
what is the approximate real rate of interest. Illustrate the exact real rate.
What is output that should be produced to achieve economic efficiency and the value to society for correcting the externality.
5 ways to develop strategic business and briefly discuss differentiate, customer-oriented, understand clients need, r-s platform and management, active marketing, etc
Assume that a very competitive start-up enters the market in direct competition with the oligopoly you described in the e-Activity.
Which of the variables above is NOT statistically significant at the 0.05 level.
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