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How does the government affect the profit rate? Give examples of the ways in which the government can alter each of the determinants of the profit rate. Why is it not always possible for the government to adopt policies that will ensure a high profit rate?
Is the distribution of income in the United States equal or unequal? What are the causes of income inequality? What is the argument in favor of income equality? What is the argument in favor of income inequality? How effective are federal and state i..
Academic researchers usually develop more complex also eworkerate models than applied researchers.
Suppose the marginal cost to produce a good is $10. There is only one person who is willing to purchase the good, and she is willing to pay $90 for one unit. According to the particular two-part pricing scheme from Lecture 3, an access price will be ..
Elucidate the opportunity costs for the manager of being in this business relative to returning to his old job. what is the economic profit of the business.
Illustrate what are the correesponding average tax rates in the regressive and progressive tax systems.
One firm has been contracted by a government agency to provide job training services to low income individuals. The marginal cost curve of the firm is MC=5+0.5Q There are no fixed costs. Firm 1 provides 120 hours of training services each week. What ..
You are the president of a commercial bank that is also a member of the Federal Reserve System, and you want to increase your bank’s reserves. But you currently have negative excess reserves, in which case your bank is borrowing from the Fed and the ..
Using a three-circle Venn Diagram, check the following categorical arguments for validity. Some advertisers try to create a new ideal state for consumers. Some advertisers try to create dissatisfaction with the consumer’s current state. So, some who ..
Compute the equilibrium level of income, the size of the multiplier, and the change in equilibrium income for an increase in autonomous consumption of $50 million. Suppose the entire economy contains $5000 worth of one-dollar bills. If people fail to..
SOLO Inc. is a monopolist in a particular market. It has estimated that the demand for its product is P = 16 - (Q / 2,000) , and the marginal cost of production is MC = 4 +(Q / 1,000) . If the firm uses uniform pricing, then to maximize profits it sh..
U.S. Production Possibilities Bread Avocados (loaves) (bushels) A 100 0 B 80 10 C 60 20 D 40 30 E 20 40 F 0 50 Chile Production Possibilities Bread Avocados (loaves) (bushels) G 15 0 H 12 12 I 9 24 J 6 36 K 3 48 L 0 60 Given the production possibilit..
q.mcdonalds add a new tastes and products to menu boardsrecently mc donalds announced the launch of its new tastes menu
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