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Given the current situation in many African countries, do we see the Tragedy of the Commons occurring? Consider not only how the “tragedy” is impacting the current population but also how hit may be devastating to coming generations. Give examples and support your claim with evidence and economic theory.
Evaluate the argument that monetary policy should be determined by a rule rather than discretion. How about fiscal policy?
NPV and IRR: Under which circumstances can the NPV and IRR calculations lead to conflicting results? Differences: What is the major reason for the difference? Preferable Methods: Which of the two methods is preferable? Why? Use examples and plots wit..
Asparagus is an identified good, draw a graph of both the supply and demand curves that depsicts its market equilibrium. From the original graph, describe the effects on the supply and demand (shift left or right) that would cause the following chang..
However, during nonwinter months tourism drops dramatically and travelers have no problem securing rental car reservations. Determine the optimal pricing strategy, and explain why it is the best pricing strategy.
Based on this information, discuss industry concentration, demand and market conditions, and the pricing behavior of Kodak in the 1990s. Do you think the industry environment is significantly different today? Explain.
Under what circumstances do you think the government will impose greater regulations on financial markets and businesses? When does the government tend to favor deregulation and take a more laissez-faire attitude toward business?
The accepted wisdom is that the oil price hikes of the 1970s resulted in global stagflation. It would seem to follow that the drop in oil prices would have the opposite effect on the US economy. Did it or didn’t it? If not, why not? Make sure to look..
In a city, the Taxi industry is regulated by the Government Taxi Authority. A company can only supply taxi services, if it is issued a licence by the Government taxi Authority. Explain why the Government Taxi Authority has an incentive to only issue ..
A major defense supplier expects to generate additional revenue from its recently won government contract. The company expects the revenue will be $110 million in the first year and the revenue increasing by $2.5 million each year for the next 4 year..
in 1981 a boston-based gas station owner set the highest gasoline prices in the nation. during that summer he charged
The history of inmate healthcare dates back to 1970 when the Arkansas State Prison System was deemed cruel and unusual punishment for their conditions, specifically the healthcare they provided the inmates. In your opinion, what should the correction..
Ashley (Brand A) and Lino (Brand L) are the leading brand names of fitness shoes. Solve for the Nash-Bertrand equilibrium prices. Then, compute the equilibrium output levels, the equilibrium profits and aggregate industry problems:
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