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Discuss the factors that determine the marginal cost of reducing crime. Discuss the factors that determine the marginal benefit of reducing crime. Would it be economically efficient to reduce the amount of crime to zero? Briefly explain.
What is the contribution of the growth of total factor productivity growth (dA/A) to that growth? What is the contribution of a faster rate of capital growth compared to labor force growth α[dK/K - dL/L] to increases in Y/L?
Our economy thrives on competition. Market forces will lead company to produce the mix of goods most desired. Unforeseen events can be responded to in a rational manner.
Write a letter that is no longer than 2 pages that responds to a customer complaint. You can either imagine that your company has received a complaint from a customer or client about a product, policy, or service, or you can work from a real life ..
Movie tickets prices increased by 5% and resulted in a 8% drop in sales. What is the price elasticity of demand? 2. If ticket prices decreased by 5% instead of raising them, what would the changes in attendance would you expect? 3. If a competing cin..
As a portfolio manager whose company has investments in a country with a high level of debt what would you do to raise your companies profit or protect their interest if;
Assume the government imposed a minimum price of $7 in the schedule of exercise 3. What would occur. Illustrate.
Illustrate what role does economics play in your personal decisions and or those of your organization.
What do economists mean when they say that the price system (free markets) promotes economic efficiency? When are free market arrangements "inefficient" from an economic point of view Why is income inequality "efficient" from an economic point of ..
Illustrtae what does this imply about the effectiveness of monetary and fiscal policy to reduce the unemployment rate.
Glassworks and Clearsmooth compete in the local market for windshield repairs. The market size (total available profits) is $10 million per year. Each firm can choose whether to advertise on local television.
It may be borne in mind which demand plays a pivotal role so far the determination of equilibrium composition of output is concerned.
Show that it is also possible that the government can give the consumer a cash grant of less than $100 (thus lowering the cost to the government) and the individual will be no worse off than under the food stamp program.
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