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Recently there has been discussion in the news about taxing junk food (soft drinks, for example) in an effort to reduce the incidence of obesity in the U.S. Do you think the demand for junk food is elastic or inelastic with respect to price.
Based on your knowledge of the price elasticity of demand, do you think the deadweight loss of a soda/junk-food tax would be relatively large or relatively small? Why? Do you think taxing junk food would be a good idea? Based on your analysis, would it really help reduce the number of obese people in the United States? Explain.
Prices for a hypothetical good have been falling over an extended time period. Describe at least two non-governmentally-caused market demand conditions that might explain these decreases in price. Be specific in your answer.
In the short run, company that seek to maximize their market share will tend to charge lower price for their products than firms that seek to maximize profit.
gap among the most highly skilled in the population and the least skilled will begin to fall in the near future.
Cars that drive themselves. Study progress, safety, and social issues related to an automated system such as automated highways and self-driving vehicles.
Grocery stores and gasoline stations in a large city would appear to be examples of competitive markets. There are numerous relatively small sellers, each seller is a price - taker , and the products are quite similar. a) How could we argue that t..
1. What is product differentiation. 2. List all the advantages and the disadvantages of product differentiation.
question 1under which circumstances is it best for a speculator seeking a capital gain to purchase bonds.the domestic
What will be the impact of rupee depreciation on the current account balance of India, if the import demand condition is elastic? If personal disposable income rises, along with the rupee depreciation, will the current account balance improve or w..
A firm produces new pharmaceutical drugs using computers and scientists. Computers cost $10 and wages for scientists are $10. There is also a givernment program attempting to boost employment of scientists which will pay 50% of a wage for any scie..
Describe the current monetary and fiscal policies in the United States. Consider including how these policies affect your company and its products and services.
What is the socially efficient price in the two years? What is the UC in each year?
You are working as a Support Specialist in the University Information Technology Services (UITS) department at Indiana University, Bloomington (IUB). Your manager, the instructor, has tasked you to review the latest survey on computer user satisfa..
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