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Qusetion: A tariff is a tax on imported goods. Suppose the U.S. government cuts the tariff on imported flat screen televisions. Using the four-step analysis, how do you think the tariff reduction will affect the equilibrium price and quantity of flat screen TVs?
Suppose you wanted to create a statistical model that helped to explain Final Exam score in the class. a) what should be the main variable of interest? Limit to 3. b) what would the relationship that you would expect between each variable you chose a..
Assume you are the owner of a small cafe that employs 15 people, 10 of whom are front-line, unskilled workers, and currently paid the minimum wage. The state government is considering increasing the minimum wage. As a business owner, would you su..
Assume that wheat operates in a perfectly competitive market, use a welllabeled demand and supply model to explain how market equilibrium price of wheat is being determined.
Suppose that a natural monopolist was required by law to charge average total cost. On a diagram, label the price charged and the deadweight loss to society relative to marginal cost pricing. Briefly explain your diagram and comment on the results..
Holding everything else constant, what happens to the MPL for the above aggregate production function when L increases?
Choose one major economist and/or major economic theory found in history from the 17th Century through the 21st Century. Write an 800 - 900 word formal research paper articulating.
How might a flat tax affect efficiency? Fairness?
Ralph's Travel Agency had accounting profits of $50,000 and implicit costs of $30,000. What were economic profits?
EconS 323 Problem Set 7'4, Questions on Hedonic Wage Theory and Employee Benefits, Risk and earnings, Teacher Quality and Compensating Wage Differentials
If voters must choose between A and B, what are the percentages of votes that each outcome receives and which outcome wins?
Why does Vellus export through local distributors rather than set up its own sales force in country? What are the risks associated with using local distributors? How can these risks be reduced?
"Employment-at-Will and Sarbanes-Oxley" - Discuss whether the Sarbanes-Oxley act protects whistle-blowers enough (or perhaps too much). What changes would you make to improve the effectiveness of the law.
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