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A limit on special-interest contributions to national political campaigns
would give challengers an edge over incumbents
is usually supported by special-interest groups as a way of saving money
would involve widespread costs and concentrated benefits would reduce the extent of rent seeking
is an example of competing-interest legislation.
The White Company is a member of the lamp industry, which is perfectly competitive. The price of a lamp is $50. The firm’s total cost function is TC = 1,000 + 20Q + 5Q2 where TC is total cost (in dollars) and Q is hourly output. What is the firm’s ec..
Suppose that there are two commodities and a consumer prefers more to less of each good. If the consumer has transitive preferences, can her indifference curves cross?
Whenever the amount of output produced is not as great as the amount that the economy is capable of producing, there is a positive GDP ___________ and cyclical unemployment will be the result.
A publisher is considering launching a new magazine for women in the 18–25 years age group. It is thought to be vital to the long-term success of the magazine that its sales should reach break-even point within its first year. Sketch out the key feat..
From the new York times. What business and/or economic factors prompted the decision? Did the managers involved satisfied or optimize? What was their risk approach to the decision they made? In your assessment, how creative was their decision?
A U.S government bond matures in 10 years. It's quoted price is now 96.4, which means the buyer will pay $96.40 per $100 of the bond's face value. The bond pays 5% interest on its face value each year. If $10,000 (the face value) worth of these bonds..
Using your understanding of shifts in supply also demand, will this turn out to be a helpful or hurtful move on the Kenyan government's part.
Explain what "having a comparative advantage” at producing a particular good or service means. What does "having an absolute advantage” at producing a good or service mean?
The consumption of both x1 also x2. Label income also substitution effects for both goods. Illustrate what is the implication of product differentiation in defining market structure.
Variable-Margin Pricing If Ohio Desk Inc. sold mahogany desks at a 3% profit, steel managers desks at a 11% profit, and student desks at a 16% profit, (all at variable-margins), what would their overall profit be for the entire product line of desks?
Proviade two examples of actions taken by a company, government, or organization whose effect is to prevent specific markets from reaching equilibrium.
Discuss within your Learning Team how and why the U.S.’s deficit, surplus and debt have an effect on the following:
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