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Use a supply and demand graph to show the likely impact of subsidized student loans on the price and quantity of student enrolments. Are there other ways in which the subsidies might distort the incentives of university administrators?
Weigh the risk also benefits of outsourcing internationally by corporate America for the standard working person.
A monopolist's demand function is P = 1624 - 4Q, and its total cost function is TC = 22,000 + 24Q -4Q2 + 1/3 Q3, where Q is output produced and sold. G) The monopolist should shut down when price is equal to or lower than?
Assume that Robert is willing to work for 40 hours per week no matter what is the wage rate, so his labor supply curve is vertical at 40 hours. The demand curve for Robert is given by the equation: W = 120 – H, where W is the hourly wage rate and H i..
The increasing of ageing population might lead to certain issues; the first one we need to face will be the public debt. Ageing population when they retired, the consumption exceeds income and investments will exceed Savings.
Rational expectations imply that households and firms are forward looking. What does that say about the importance of a short-run downturn in demand for firm decisions? Explain why firms might hold excess labor and capital during a recession. Explain..
Obesity and the consumption foods and drinks that are associated with it is a very complicated topic with many causes and effects and a bit beyond our topic. Let's look at "determinants of demand" (Schiller, 94) and the "Utility Theory" (95) and how ..
Consider a firm’s production decision in both the short-run and long-run. Explain what type of input costs might be fixed in the short-run and which might be variable in the long-run. Provide one example of each.
In the book, "Confessions of an Economic Hitman", How did the OPEC Oil Embargo of 1973 change the way the U.S. government does business in the Middle East? What were the goals and strategies used to ensure that an event like the embargo would never h..
Explain would your answer differ if you and your rival were required to resubmit price quotes year after year and if, in any given year, there was a 50 percent chance that Toyota would discontinue the Highlander.
Suppose that expectations concerning the future state of the economy, held by people in the economy’s private sector, become more pessimistic. determine in which direction the affected curve(s) shifts. Is the Unemployment Rate now greater than, less ..
Draw a graph (hand-drawn is acceptable) that illustrates the demand and supply of a perfectly competitive industry. the producer surplus if the industry is a monopoly that engages in perfect price discrimination. Does a deadweight loss exist if the i..
According to the concept of limited liability, the liability of shareholders of a company is restricted to the face value of shares. They have no personal obligation for the liabilities of the company. How does the concept of limited liability impact..
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