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How can restricting access to information be squared with freedom of speech and the value of truth in a democracy or republic?
Earlier this year the Federal Government USA approved the merger between Sirius and XM satellite radio companies. What, if any, shortcomings arise from a monopoly pricing strategy (efficiency and consumer surplus)?
1. Suppose you can hire your mechanic for up to six hours. The total benefit and total cost functions are B(H) = 654H - 40H2 and C(H) = 110H + 120H2. The corresponding formulas for marginal benefit and marginal cost are MB(H) = 654 - 80H and MC(H) ..
Can someone explain how an increase in immigration can affect supply and demand of workers in terms of equilibrium and wage and quantity?
Payroll Tax- You are an economic consultant to a city that just imposed a payroll tax of $1 per hour of work. This payroll tax is paid by workers through a payroll deduction.
The demand for watermelons is highest during summer and lowest during winter. Yet watermelon values are normally not bigger in summer than in winter.
How will equilibrium GDP change is G increases by 100, and what is the new equilibrium level of GDP? How will equilibrium GDP change if G and T both increase by 500, and what is the new equilibrium level of GDP?
If fewer U.S. dollars are needed to buy a Swiss franc, then a. U.S. residents supply more francs b. U.S. residents buy more Swiss goods
What creates an agent-principal relationship? What creates an employer-employee relationship? What creates an independent contractor-principal relationship?
You only need to refer to the 3 or 4 papers that you think are the most important. Use economics journals for your references, for example, Journal of Health Economics, Rand Journal, American Economic Review, etc.
In a simple model of duopoly, two company manufacture the same good, for which each firm charges either a low or a high price. Each firm wants to achieve the highest profits.
Consider a small open economy that produces steel and cloth under Heckschel Ohlin condition, using 200 units of capital and 135 units of labor.
Economists are often criticized for making assumptions. Explain why are assumptions necessary? To think about this, you might consider an assumption that is often made,
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