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1. Explain the changes in welfare caused by the "Personal Responsibility and Work Reconciliation Act" of 1996. 2. To what extent do you think U.S. income distribution is determined by economic factors? Use the material developed in this unit to inform your (positive) position. To what extent do you think the U.S. income distribution should be determined by economic factors? Use the material developed in this unit to inform your (normative) position.
firms that compete with each other cournot game with identical cost function mc0 and the inverse demand py100 - y where
bramble ltd makes 2 different types of boots premier and champion each using the same leather and the same skilled
What will be the possible concequences if a large scale like Toyota place its new product in Indian market without having forecast the demand for its product
the rules of the syldavian electricity market stipulate that all participants must trade energy exclusively through the
Explain why governments sometimes impose a price ceiling in a competitive market and explain three types of long run supply curves using the real industries.
The costs of a purely competitive firm and a monopoly could be different because the competitive firm has a lower price. the monopoly might experience economies of scale not available to the competitive firm. the competitive firm is unregulated.
what is the basis of the kinked-demand model? explain the reason for the gap in the oligopolists marginal-revenue
Explain the relationship between AP and MP. Be sure to use graphs to help support your answer. Calculate the MP and the AP for each worker
we have established a relationship between net capital outflow nco and the trade balance net exports. during this
Explain what happens to price and quantity of milk when the following events take place: For each and every event, specify how it effects either demand, quantity demanded, supply, or quantity demanded. It is also important to demonstrate how the ch..
provide a cost-benefit analysis for a company which has to decide whether to hire more staff or hire temporary workers to meet production schedules. determine how managers would use your cost-benefit analysis to make this decision.
suppose that the economy is initially at equilibrium in which total planned real expenditures equals real gdp. which of
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