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Assume that no one is concerned about fairness in the tax system. All other things equal, would a risk averse individual want a progressive or regressive income tax schedule?
Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production for that nation. Which of the following scenarios are either not accounted for or measured inaccurately by either the inco..
Though no horrendous numbers, Americas too died in the trenches of France, and the experience of mass death transformed American society. The United States went into the war to "make the world safe for democracy" but emerged from the war pessimistic,..
In a local shoe factory, machinery used is outdated and takes too much labor time to make a pair of shoes. Inexpensive imports are flooding the market and it is increasingly hard to compete with imported shoes on price. Briefly discuss steps the mana..
If a basic input like oil goes up in price by 20 percent and accounts for 3 percent of total costs in the economy, how much cost-push inflation results?
q1. the short-run marginal cost of the ohio bag company is 2q. price is 100. the company operates in a competitive
During the recent recovery, we have noticed high profit levels and high production levels by firms, yet unemployment has remained relatively high. Explain this issue by discussing the use of capital and labor in the production of goods and services.
q. how to calculate marginal revenue from demand?a.if the marginal propensity to save is 0.05 how large is the
What exactly is computational economics? For example, does certain software for calculating/predicting/visualizing cost of manufacture falls under computational economics?
How does model analysis compare to cost benefit analysis regarding transportation planning? What political elements are involved with transportation planning for cities? Would you recommend a single method of analysis or a combination of methods of a..
In terms of maximizing total revenue, defend or counter the decision of the store, Manor, to lower prices on mobile air-conditioning units from 650 CHF to 300 CHF during the hottest week of 2010 (argument should make use of the concept of elasticity)..
q1. explain a voting pattern using the actual votes taken by at least 15 legislators in the u.s. congress a state
If Plonk and Brew operated in a Cournot oligopoly, explain how much output will each of them produce in equilibrium.
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