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Should college be subsidized? All U.S. states subsidize education for college students, mostly by charging below-cost tuition. Nearly free tuition is available in many European countries and has been proposed in California. Should the government subsidize college education so that it can be provided with very low tuition? Or, should college education be allocated in a market system, in which prices are set by supply and demand
Discuss the political and the economic concepts of monopoly. What does each say constitutes a monopoly? In class, it was said that the economic concept leads to confusion over which fmns are monopolies. Why is this so? Why is there no confusion over ..
Morgan Stanley and Goldman Sachs converted their charters to become commercial banks rather than investment banks as a result of the credit crisis. What advantages did they derive from this conversion? Were there any disadvantages from the change?
q.on january 2d 2012 canon expects to ship 750000 all-in-one fax printers and copy machines from its plant in japan to
The Stolper-Samuelson Theorem predicts: (a) the level of productivity in export industries (b) which factors are abundant (c) the factor income distribution effects of trade (d) which goods will be exported
If income elasticities are equal for all goods, then all Mashallian demand functions must be downward sloping.
The management of a local restaurant wants to determine the average monthly amount spent by households in restaurants. Some households in the target market do not spend anything at all, whereas other households spend as much as $300 per month. What s..
Suppose production function for burritos at Chipotle is Q =4k^1/2 L^1/2.They currently own 4 units of capital and are not able to change this during the short run. The rental rate of capital is $10 and the wage rate is $20. What is Chipotle's short r..
Elucidate how each of the following people would talk about scarcity and trade offs.
Car's annual operating and maintenance (O&M) costs are given by the following schedule: year value 1 50 2 60 3 100 4 150 5 210 If MARR=10%, and it is known that the value of O&M costs in the first year is the base annuity, define the value of paramet..
If the price of good X decreases by 2.1% and the price elasticity of demand is 0.4, find the percentage change in quantity demanded and the percentage change in revenue. If you want to increase revenue should you increase or decrease the price in thi..
A friend of yours has just returned from desert island where she was stranded alone since January 2009. Having completed Econ. 104 just prior to arriving on the desert island (and being naturally curious), Is international trade more or less importan..
Describes key elements of technology-enabled customer relationship management and outline advantages that technology-enabled customer relationship management has over traditional seller-customer interactions.
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