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Describe the similarities between the health-care sector and it's problems and the higher education sector and it's problems. Why do these two sectors in our economy have similar problems?
According to one study, the salaries of full professors at this nation's most prestigious universities have risen over 50 percent (corrected for inflation) in the past twenty-five years. What causes universities to offer such high salaries? What benefits do prestigious universities receive from "superstar" faculty members?
According to researcher Richard Vedder, only 21 cents of every added dollar that universities have spent over the past twenty-five years has gone to student instruction. Where did the other 79 cents go? If you are an undergraduate today, what tangible benefits of these increased university resources can you see around you?
Why do universities discount their fees to attract superstar athletes?
Define national income as total income of all capitalists in a country plus total income of all workers (including immigrant workers) in the same country. Per capita income is defined as national income as defined above divided by all people in the c..
Hypothetical cost and revenue curves for a computer producer. Illustrate at what price will the monopolist sell each computer.
With the passage of the Affordable Care Act the U.S. government requires that everyone have some form of health insurance. One of the provisions of the law is that firms with more than 50 full-time workers must provide health insurance to those worke..
Problem 1: Assume that the long run total cost function for each firm in a perfectly competitive industry is LRTC = q3 - 4q2 + 8q and the market demand function is Q = 2000 - 100p. Calculate:
Assume to two firms in an industry with an index of 5,000 announce a merger. The U.S. Justice Department concludes the merger will boost the index to 5,500. The antitrust authorities will most likely.
Economists often disagree about the proper role of government in the economy, but they almost all agree that the government should:
The unintended consequences of raising minimum wage from $8 to $12 per hour will create more unskilled unemployment in the economy. True or False, explain. The unintended consequences of raising minimum wage from $8 to $12 per hour will create more u..
Draw the pre-intervention optimized supply and demand equilibrium. Explain and show what effect it has on the polis.
Abstracting from any other factors, what is the range for rates of exchange of modems for DVD drives that will now include Northland
The market demand is P=100-1.5Q and marginal & average costs are constant at 10 (MC=AC=10) find the monopoly price and quantity. Find the perfect competition price and quantity. Calculate profit, social welfare (consumer and producer surpluses), and ..
Brenda owns a construction company that employs bricklayers and other skilled tradesmen. Her firm’s MRP for bricklayers is $22.25 per hour for each of the first seven bricklayers, $18.50 for an eighth bricklayer, and $17.75 for a ninth bricklayer. Gi..
Write down equation that can be solved for yield to maturity of this bond: that is, equation that equates Current value of bond payments to cost of bond. Estimate Current value of bond when interest rate is 8%.
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