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Consider the fictional city of S land, where a local resident, Mr. X, invented the printer. There are economies of scale for printing due to the parts, paper, and servicing involved, so the central city developed around a printing center, Winkos. There are no personal printers, and everyone travels to the city center for their printing needs. Suppose that one day the personal printer is introduced into S land from another city and made readily available for purchase by households. Explain the effects of the personal printer on (a) the market area of Winkos and (b) the population of the city surrounding Winkos
Discuss economic and ethical aspects of safety regulations. THE discussion on the chapter 3 “Flying the Friendly Skies” in the economics of public issues 18 edition .With examples of when there may be a conflict between an ethical and an economic/mar..
An outright purchase of $20,000 now ( a lump sum payment) can be traded for 24 equal payments of $941.47 per month, starting one month from now. What is the monthly interest rate that establishes equivalence between these two payment plans?
The text noted that money performs three basic functions. Select one of these functions and describe the ways rapid inflation could undermine money's ability to perform the function you selected.
Assume that you were ready to buy a custom tailored dress (or men’s suit) and you are prepared to pay up to $200 for it. Also assume that the tailor is prepared to sell that item of clothing for as little as $100. Discuss any recent purchases you hav..
Suppose that the demand for certain drugs is QN=100-P in North America and QS=100a-P in Sub-Saharan Africa where a 0.531 if the drug manufacturer is to serve both markets while charging the same price in each market.
What are the goals/objectives of judges (what do they maximize)? Filing fees: for the marginal case, the one that may or may not be filed the filing cost should equalt what?
For each of the following situations, decide whether the bundle Lakshani is considering optimal or not. If it is not optimal, how could Lakshani improve her overall level of utility? That is, determine which good she should spend more on and which go..
Assume you are a U.S. Senator. The Senate has been asked for its "advice and consent" to a treaty negotiated by the Executive Branch. The treaty would require every nation of the world to reduce its carbon emissions by 20% by the year 2035. Exactly h..
Suppose that between 2003 and 2007, one group of individuals (Group 1) received job training while another otherwise similar group (Group 2) did not. Suppose that the average earnings of the first group went from $40,000 per year to $55,000 per year,..
The area of common law that makes employers very reluctant to provide information about current or former employees when another employer calls them to conduct a background check is?
Show the impact of the following events on the market for fleece sweatshirts—graph each case separately. Be sure to label the initial and subsequent prices, quantities, curves, equilibriums, etc… i.e. corresponding supply, demand, price and quantity.
With increased access to wireless technology and lighter weight, the demand for laptop computers has increased substantially. Laptops have also become easier and cheaper to produce as new technology has come online. Despite the shit of demand, prices..
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