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Question: A group of 10 people have the following annual incomes: $55,000, $30,000, $15,000, $20,000, $35,000, $80,000, $40,000, $45,000, $30,000, $50,000. Calculate the share of total income received by each quintile of this income distribution. Do the top and bottom quintiles in this distribution have a greater or larger share of total income than the top and bottom quintiles of the U.S. income distribution for 2005?
What is the equilibrium price and quantity in this market? Assume that the government imposes a price floor of $16 in the tablet case market. What would happen in this market?
describe john maynard keynes contribution to the theories of macroeconomics. why was he such an important economist?
Identify other competitors in the market. Discuss whether or not any other competitors have influence over the market. State whether or not any competitors engage in price discrimination.
Write a summary paper about Chapter 25 "Monopoly and Price Discrimination". Describe and explain a monopolist's output decision. Explain why a monopoly is socially inefficient. Identify the tradeoffs associated with a patent.
Which of the following accurately describes the Fed's inflation target? Which of the following is NOT included in aggregate demand?
A travel agency offers a one week Caribbean tour for $1,000 per person. If more than 50 passengers join the tour, the price is reduced by $5 per additional passen- ger. The tour can accommodate 150 passengers.
Explain how market structure affects market performance and conduct. Identify three types of government regulation that help to improve market performance and conduct
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Why the focus in interest rates and unemployment and why can they keep the interest rates low? How do bond purchases tie in with the interest rates?
why does the insurer often need the permission of the insured to settle claims out of court for professional liability
Economics is about trade-offs. If more scarce resources are used to produce one thing, fewer will be available to produce others.” Evaluate this statement
In the summer of 1997, Congress and president agreed on budget package to balance the federal budget. The contract," signed into law by President Clinton in August as the Taxpayer Relief Act of 1997,
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