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Why is it important for the prices of goods to reflect their true costs of production? What happens when they do not? What policies could be enacted to internalize the full costs? Illustrate one graphically.
(1) Show that a profit maximizing monopolist equates marginal revenue in each market to the common marginal cost. (2) Derive mathematically the formulas for the price-elasticity of demand and for the income-elasticity of demand. Interpret both m..
Assume you are asked to do market analysis in an area in which a natural disaster has recently occurred. For example, Nashville after Spring floods or New Orleans after Hurricane Katrina.
Draw a diagram in i-Y space showing equilibrium. Write clearly what the position of the IS, LM and BP=0 curves depend upon. Assume m/κ
At this point, you are going to prepare for potential interviews. For this assignment, research common interview questions for IT career opportunities, and post your opinion on the following question.
A representative company with long-run total cost given by TC = 2,000 + 20q + 5q2 operates in a competitive industry where market demand is given by QD = 10,000 - 40P.
Walter used the cash method to account for income from his cattle ranch. During an audit in year 3, the IRS auditor discovered a document from a customer indicating that Walter sold 115 head of cattle to the customer two years earlier for $77,000.
What is hyperinflation? What causes hyperinflation - show how moderate inflation can be a good thing?
Identify the economic incentives that motivate private firms to engage in pollution prevention activities. How might the government devise policy initiatives to exploit these natural incentives?
1. Strictly speaking, pure competition never has existed and probably never will. Then why study it 2. Why is the equality of marginal revenue and marginal cost essential for profit maximization in all market structures
Why is it that taxes tend to have a smaller multiplier than government spending? If government spending and taxes were both to be increased by the same amount, would there be any change in income? Why or why not?
Consider a macroeconomic model of an economy in Long Run market equilibrium. Suppose there were a shock which was going to cause a decrease in aggregate demand. a. What steps could a government take in order to avoid the long-run market correction
Write a C++ program to select the values in a four by fivearray of positive integers in increasing order and store theselected values in the single- dimensional array named sort. Usethe data statement given in exercise 1 (a) to initialize the two ..
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