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Larry, Curly, Moe run the only saloon in town. Larry wants to sell as many drinks as possible. Moe wants to make the largest possible profits. Using a single diagram of the saloon's demand curve and its cost curves, show the price and quantity combinations favored by each of the three partners.
Choose a United States firm with global operations. Discuss the company's activities outside the United States
Current Values and Ethics Article
Increasing jet fuel values recently led most major United States airlines to raise fares by approximately 15%. Describe how this substantial increase in airfares would affect the following;
Insurance companies must provide insurance to drivers who may take risks that go unreported because they don't wreck or get ticketed (or if they do wreck or get ticketed, it goes unreported to the insurance company).
Listen carefully to the following video and summarize the main points that he is making and to what extent is it related to Adam Smith's invisible hand
When the price of corn was "low," consumers in the United States spent a total of $3 billion annually on its consumption. When the price halved, consumer expenditures actually decreased to $1 billion annually.
Calculate the effect of the wage subsidy of consumer surplus and producer surplus and What are the equations for the (long-run) expansion paths
Explain how each of the events described above, affected the world market for oil. Specifically, use a supply and demand diagram to explain changes in price and output.
Using the marginal utility approach discuss how economic theory explains the optimum pattern of consumption for an individual consumer
Suppose you are in charge of U.S. fiscal policy. The economy is in recession. Based on what you've learned in this chapter, what would you do? Optional: What factors caused the federal budget to turn from a surplus to an expected deficit in 2002?
Explain the impacts of an expansionary fiscal policy such as a tax cut on the levels GDP, Consumption, Investment, interest rate and unemployment and price.
Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"
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