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Discuss the sharing economy from a supply and demand standpoint. How do companies like Uber and Airbnb affect supply and demand in the markets for shared rides (taxis, limos, etc.) and rented rooms, respectively?
- Why do you think these two companies continue to grow and remain successful?
- Some cities have fought to prevent companies like Uber and Airbnb for being able to conduct business. Explain why cities would do this, and discuss whether you agree or disagree with these cities. (Look up the city of Dallas and its ongoing entanglement with Uber.) - Explain who benefits and who loses when sharing-economy companies like Uber and Airbnb are allowed to operate.
A school fundraiser raffles off a free trip to Hawaii. Many people purchase raffle tickets, but there is only one winner.
Identifying the issues surrounding the motivation behind unethical or illegal business operations when the consequences are properly documented
Calculate an equilibrium income (IS) schedule/curve. For your answer simply indicate the equilibrium income associated with each different rate of interest.
question 1 suppose the expected market demand for tickets to the australian open golf tournament to be held in
Show the impact on the equilibrium price and quantity that results from; (1) an increase in demand and (2) an increase in supply.
The demand for energy in the United States is often described as persistently non-cyclical and not sensitive to prices effects. Describe the effect of each of the following on the demand or supply for gasoline.
How do you measure Economic Activity? What are the two ways of measuring GDP and what are the different types of Unemployment?
Craft Unions Both industrial and craft unions attempt to raise their members' wages, but each goes about it differently. Explain the difference in approaches and describe the impact these differences have on excess quantity of labor supplied.
Where would you plot unemployment on a production possibilities frontier? Where would you plot full employment on a production possibilities frontier? Now presume that is a time of crisis everyone pitches in and works much harder than usual. What hap..
Suppose a computer virus disables the nation's automatic tellter machines, making withdrawals from bank accounts less convenient. As a result, people want to keep more money on hand, increasing the deman for money.
because of the economic sanctions cast away islands cannot import hollywood movies or dvds. eunyoung is a super genius
In a competitive industry the market-determined price is $12. A firm is currently producing 50 units of output; marginal cost is $15, average total cost is $10 and average variable cost is $7. In order to maximize profit, the firm should:
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