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Q. This week we discussed effects of taxes and government regulation on consumers. Economists are often asked by government agencies to conduct studies concerning likely results of their policies.
Provide an example of a public policy problem and apply cost-benefit analysis technique to it. Illustrate what or considerations may be taken into account in order to make a decision on implementation of policy? 200- 300 words
For Firm A, when four units of output are produced, total cost is $175 and average variable cost is $33.75. What would average fixed cost be if ten units were produced.
Write down a formula that describes the marginal product of labor in the short run as a function of the amount of labor used.
Explain why would elasticity of demand be important to you in determining the products on which the taxes should be levied.
Explain how do acts of intellectual piracy hurt American companies.
Elucidate what will happen to equilibrium cost and quantity of satellite TV service if wages of workers who provide satellite TV service increase while at same time cost of cable television service.
Compare also contrast McDonald's strategies in China with those of Wal-Mart in Mexico.
Coke also Pepsi have their market dominance for nearly a century. General Motors also Ford have been hard hit by competition.
They found that getting larger was painful it involved a lot of new administrative infrastructure to get everything organized
explain how much the annual U.S. GDP and GNP in 2010 changed due to her job relocation.
If you receive a request for proposal (RFP) on a project for four units, illustrate what is your break-even price.
Suppose that these cost figures accurately refl ect the economic costs of providing inpatient services at these two hospitals and that the two hospitals face the same average total cost curve.
Illustrate what is the constant term if the equation for the demand curve is written in the form.
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