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History of Rent Regulation
Why would the city of New York elect to impose rent control, or a price ceiling on rent? Is it strictly a move to accommodate a diverse socio-economic demographic?
Do tenants who occupy rent controlled buildings with a consumer surplus deserve to live there?
Given the price elasticity of demand for two products & marginal cost, determine the optimal markups and prices under third-degree price discrimination.
What is the share of Household A's income spent on education? Does this household consume more or less education if EF = 20 is provided by the government? What is the share of Household B's income spent on education?
True/False: For each of the following concepts, decide whether it's true or false, and briefly explain why (2-3 sentences). You can also use diagrams if they are helpful. Each correct answer is worth.
Assuming a linear demand relationship determine the demand equation for cigarettes. Show all your calculations. Determine the nature of the Return to Scale as exhibited by the above production function.
Which of the following items are included in the calculation of GNP in the UK, and which are excluded?
How would you characterize the market for crude oil production? Explain your answer. Explain the long run profit behaviour of firms in this kind of industry.
Utilizing the supply and demand model, explain what would happen to the supply curve during a drought. Also explain the affect on the price of water.
Illustrate what fiscal policy or policies would be the best to get it out of the recession
You are the manager of a local sporting goods store. Given the reservation prices, determine your optimal bundle pricing strategy.
Explain are there any present events in the news that you can directly link to concepts or theories covered so far.
Compute the effective price reduction resulting from the coupon promotion.
Emily makes cartoons whioch she sells to her classmates. Her average product of labor is 5 cartoons every hour if she works for one hour, four per hour
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