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Do you think the benefits of government regulation exceed the costs? In what areas, if any, do you think the costs exceed the benefits?
Cite an example of a company's efforts to circumvent government regulations. Is the use of loopholes ethical?
A 529-state-approved individual retirement account (IRA) permits parents to invest tax-free dollars into their children’s college education fund (this money may only be used for educational expenses).
britain is proud of its national health service nhs. in 1948 the national health service act stipulated that the
Describe why in competitive markets there can be profit or producer surplus in the short run but not the long run. Include the idea of "economic rent" for exceptionally productive inputs. Then imagine a firm with the same cost structure however in ea..
Why ethnic communities have more success in achieving greater goals? Discuss why you think such ethnic or religious minorities have been able to develop greater achievements in certain fields than others?
IBM Company has a reputation for not necessarily making new technology, but acquiring relatively new firms with innovations and successful technology.
Suppose that the firm uses three inputs to produce its output: capital K, labor, L and materials, M. The firm’s production function is given by Q = K^ (1/3) * L ^ (1/3) * M ^ (1/3).
What does the price elasticity of demand measure? what is the absolute value of the short-run elasticity of demand for bread has been estimated to be 0.15. Its long-run elasticity of demand.
Institutional economics and neo-classical economics. Off-hand, which of the two seems like a more sensible approach? What are some of the elements you agree or disagree with?
a professsionl society whoes dues are normally 100 per year is offering life memebrships for 1250. assume you are a
For your selected product, if the government places a mandated price ABOVE the equilibrium price, how would this affect the market equilibrium? Would you rather have the forces of demand and supply determine the price of gasoline, or would you prefer..
The Gap pursues a segmented market strategy with three main tiers of retail clothing stores: Gap, Banana Republic, and Old Navy. Is this strategy enhancing the competitive positioning of the parent company Is it increasing the cost and lowering th..
Identify some of the costs (pecuniary and no pecuniary) associated with the antitrust behaviour (firms having power in the market)
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