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Q. Jon Brooks quit his job in a bicycle shop, where he earned $15,000 per year, to become a graduate student in economics. At university he attended, he spent $2,000 on books, $1,000 on cough medicine and earned $12,000 as an economics instructor. Illustrate what were Jon's economic costs while attending college?
Federal Reserve lowers the required reserve ratio from 0.10 to 0.05. How does this affect the simple money multiplier.
Considering companies operate in their own self interest, should cartels be legal.
Illustrate what are major arguments in case for income equality. Illustrate what are major arguments in case for income inequality.
Assume that the marginal cost of providing lockers is zero as well as the monthly demand as well as for lockers is estimated to be best described.
Explain how many spots of each kind should it purchase to meet se three goals and do so at minimum cost.
If Jason produces 250 kilograms of food per month, Explain how more liquor must he produce to achieve production efficiency.
calculate the price elasticity of demand for each product and compare with your teammates' elasticities.
Elucidate why it is often claimed that hospitals compete for doctors rather than patients. What are some of the implications of this phenomenon.
Excise tax is collected from fishermen, who protest that y alone are bearing burden of this policy. Why might this protest be misguided.
Explain how a permanent rise in government military expenditures affects investment in medium run and output growth in long run.
Converse Elucidate how you might go about evaluating the rate of return for the new equipment.
Illustrate by how much (what percentage) does the consumer facing a 15% marginal tax rate alter his or her level of charitable giving as the result of the deductibility of charitable contributions?
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