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Regulations by the government
Since Gov't imposes regulations on businesses for such things as safety regulations for workers, pollution controls on the amt of emissions, and requirements on access for workers with disabilities how might you answer the following questions?
1.How might these regulations be thought of as being a negative technological change (techn deterioration rather than techn improvement)?
2.What effect would these regulations have?
3.With Q2, is it still possible for such regulations to be efficient from the point of view of society and why might this be true?
A study sponsored by the American Medical Association suggests that the absolute value of the own price elasticity for surgical procedures is smaller than that for the own price elasticity for office visits. Explain why this would be expected
The macroeconomic environment discussing the effectiveness of the monetary stragies in the US.
What is the business cycle and how is it linked to a secular trend? Describe each of the four phases of the business cycle and indicate how they a linked to the concepts of a "boom", a "recession" and an "expansion".
What is the optimal level of production of wine decanters? Verify that this level of output maximizes not minimizes profit
The opportunity price of an investment is the real rate of interest, and that's why investment demand depends on the the real interest rate.
U.S. industry responded to the undeserved domestic leisure travel market that existed in the early 1900s with a second wave of low cost carriers (LLCs)
This document shows evaluation of alternative approaches to analysing the effectiveness of public policy and Assess the impact of government policies on selected areas.
What is the equilibrium level of income? Compute disposable income, consumption and aggregate demand.
Illustrate what is the labor variance for the month. Illustrate what is the labor efficiency rate for the month.
A corporation among $7 million in yearly taxable income is considering two alternatives
Write down his budget constraint and a utility function that captures his preferences. Draw his budget constraint and three of his indifference curves.
Assume the graph below represents the market demand for a patented prescription drug together with the marginal cost and average cost functions for producing the drug. Draw the marginal revenue function for this firm.
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