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Microeconomics essay question
Does advertising improve the economic efficiency of markets from an economist's perspective? Please explain and support your discussion with a diagrammatic model and include any assumptions regarding elasticity in your explanation.
Should the Federal Reserve Board of Governors remain independent - What is the strongest argument on either side?
Suppose that competition among several market makers forces the spread down to $2. How many goods are traded?
let us consider a hypothetical economy that is described by the equations shown belowc 300 0.75 yd - 300 rt 100
What is the total after-tax annual cost of a machine with a first cost of $45,000 and operating and maintenance cost of $0.22 per unit produced? It will be sold for $4,500 at the end of five years. Production is 750 units per day; 250 days per year.
a government is currently operating with an annual budget deficit of 40 billion. the government has determined that
If the power of special interest were reduced for example, through the adoption of supra-majority voting rule, would economic efficiency improve How would contributions to political campaigns be affected
Obtain price elasticity of demand for good one. Obtain income elasticity of demand for good and find the amount of compensation needed for Hicks compensation
What are the differences among horizontal, vertical, and conglomerate mergers?
Say you are the manager of a perfectly competitive firm selling a product. Your business is making a loss because total revenue is less than total costs. What would you do--shut down or continue to operate? Use hypothetical numbers to explain.
Some people claim that the “economic way of thinking” does not apply to issues such as health care. Describe how economics does apply to this issue by developing a “model” of an individual’s choice?
the airline market was deeply impacted by the recession of 2008 and by the following slow recovery. describe
During the energy crisis of the 1970s, and again in the last 5 years, Congress bemoaned the “price gouging” and “windfall” profits of the major oil companies. In the 1970s Congress imposed an “excess profits tax” on these companies.
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