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Q. Explain how Democratic is it to support an unelected judiciary? Defend your argument for or against the election of federal judges and Supreme Court justices.
Q. The rate of annual deflation as applied to each box of kitchen gadgets over the remaining four-year period below which your venture will become unprofitable. Explain how you determined the rate.
Assume you have a production technology to can be characterized by a learning curve.
Suppose the market price of tuna is $3.50/pound. Explain how many fisherman should the company use if the daily wage rate is $100.
Illustrate what are the main differences between Lenin's theory of how to bring about socialism and that of Bernstein's
Compare the sum of consumer and producer surplus for the monopoly with the results for perfect competition.
Movies are distributed in a variety of forms, not just first run theatrical presentations. What other ways are movies distributed. What are the different price points.
Do you think the net effects of trade blocs are good or bad for world trade? Why? How do the efforts of the WTO relate to these trade blocs.
Sketch a graph which shows the lost gains from trade that result from having a monopoly.
Outline reasons why the marginal revenue product differs between workers in different jobs.
Derive also graph the MC function. Conclude the cheapest way to produce 20 units. Conclude the cheapest way to produce 12 units.
the monopoly will experience a loss the monopoly will earn a profit the monopoly will earn zero profit consumers will be worse off than they would be if the firm's profit maximization activities were unregulated
If nominal output is $5.28 trillion also the GDP deflator is 20 percent higher than what is the output in the base year other than real output.
Suppose that the government is debating whether to spend $100 billion today to address climate change.
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