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Explain why it is possible to interpret a two-part tariff as a two-block-rate tariff. Explain the circumstances under which this equivalency might not hold. Why might a consumer choose to have access and still consume zero units?
If no fiscal policy changes are made, suppose the current aggregate demand curve will increase horizontally by $1,000 billion and cause inflation. If the marginal propensity to consume is 0.75, federal policymakers could follow Keynesian economics an..
However, rather than having data on individual workers, you have access to data on manufacturing firms in Ohio. in particular, for each firm, you have information on hours of job training per worker(training) and number of nondirective items produ..
The most common technology used for dry cleaning clothing uses toxic substances that, if disposed of in drains, will contaminate the water supply and cause brain damage in some people. The cost to society of these health effects has been estimated..
Health care equipment
Find the elasticity of demand for a quantity of 12. Does this number imply that quantity demanded is sensitive to price changes or insensitive?
identify an example in which a firm you are familiar with made a strategic decision that was focused on improving the
What is the opportunity cost of investing in physical capital? Do you think a country can overinvest in physical capital? What is the opportunity cost of investing in human capital? Do you think a country can over-invest in human capital? Explain y..
derive an expression for the aggregate expenditure curve and graph it on your exam sheet labeling this initial
How the airport uses sustainability at the operational side/airside (everything behind the gate and basically where the airplanes are) at an airport
consider the market for minivans. for each of the events listed here identify which of the determinants of demand or
a limo company specializes in transporting people to and from the airport. It competes with local taxi and public transporation as well as people deciding to drive their own cars. The demand for the firms services has been increasing as more consu..
Employees have certain legal rights such as the right to be paid a minimum wage and to have a workplace free of sexual harassment. Must employees have rights that are not specified in the law or in an employment contract? Provide examples
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