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In relation to farm policy -- this is originally intended to help "the family farm". Does it? Discuss.
In relation to minimum wage -- based on economic rationale, are you in favor or against in raising the current minimum wage to $10.10 or an even higher number? Justify.
Davy Metal Company produces brass fittings. Davy's engineers estimate the production function represented below as relevant for their long-run capital-labor decisions. Davy's employees are relatively highly skilled and earn $15 per hour. The firm est..
What is represented in the price of a good or service?
A monopolist's demand curve is given by P = 100 - 2q. (a) Find his marginal revenue function.
Two firms exhibiting Cournot behavior have proposed to merge. The resulting firm would account for about fifty percent of the market. It is widely expected that the price will rise as a result of the merger. The firms claim that the merger is in soci..
Max has the utility function U(x, y) = x(y + 1). The price of x is $2 and the price of y is $1. Max’s Income is $11. How much x does Max demand? How much y? If his income doubles and prices stay unchanged, will Max’s demand for both goods double?
Does that face help explain why such governments would rather subsidize an industry’s export sales than its sales in the domestic market?
Do politicians take advantage of asymmetric information when they talk to the public? Are politicians’ examples of adverse selection? What about moral hazard? Discuss:
In a market with free entry and exit, who bears the burden of a tax? Given this fact, how might tax incidence differ in the short and long run? [HINT: Recall how the market supply curve looks like when there is free entry and exit]
Portugal is a collectism society whereas the US is a individualistic society, How might these differences in culture affect international tourism between the two countires?
activity 1-1 stakeholder influences and interconnections part a reflective journal-stakeholder diagram stakeholder
The government wants to increase real GDP demanded to $15 trillion at the given price level
Suppose that the salary for a recent industrial engineering graduate is expected to increase by 12% per year from a base of $52,000 over the next five years. If the interest rate is taken to be 10% during the period, the present worth of the earnings..
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