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There has been much discussion over whether marijuana should be legalized for consumption beyondmedical use. Assume that if it becomes legal the price will be cut in half. Given that Frank suggests theestimate of the price elasticity for marijuana is -1.0, what would you expect to be the change in marijuanausage? Because that legalization would in some sense bring an entirely new market segment into thelegal market arena, why or why not would you have a high degree of confidence in your change in usageestimate based on that elasticity?
Studies of family income over time reveal that: When the FR Bank buys $1 worth of securities in the open market, in the simple multiplier model total deposits ___ by ___ than $1.
Which of the following is not an example of a monopolistically competitive firm?
q1. you have an opportunity to invest in a new plant. the fixed costs are 100000 per year. the marginal cost of
The problem is to choose x to maximize f(x;a) = ax- 3x^2, where á is exogenous, subject to the constraint. Calculate the first-order condition for this problem. For this problem, which values of x are on the boundary, and which are in the interior?
Compute the present value of a $500 investment made 4 months, 7 years, and 15 years from now at 4 percent interest. Instruction: Round your answers to the nearest penny (2 decimal places). Present value of investment made in 4 months at 4 percent = $
q1. suppose you read in the newspaper that all last week the fed conducted open market acquires and also on tuesday of
EXplain how much output will each firm produce in the Stackelberg Equilibrium. What will be the market price. How much profit does each firm make.
Use examples to distinguish between the resource market and the product market in the circular flow model. As we read this unit, how does the circular flow model illustrate how our economy works? How does the circular flow model work? What are the tw..
GE’s mission statement reads: “GE imagines things others don’t, builds things others can’t and delivers outcomes that make the world work better. GE brings together the physical and digital worlds in ways no other company can. What are some of the cr..
Write a paper discussing your current global mind-set, global knowledge, and global work skills based on the assessment. In your discussion, please explain how your attitudes, emotional intelligence and perceptions influenced your scores.
sales in joint facilities are lower than sales in two separate facilities. Elucidate what do these numbers imply for the decision of when to open a shared facility versus two separate facilities.
q1. is holding an investment he bought for 1000 that has a 60 percent chance of gaining 200 in value and a 40 percent
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