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Suppose that Congress and the President are concerned that some individuals die without making adequate plans to financially provide for their families after their death. Their efforts to reduce this problem by introducing personal savings accounts into the Social Security System seem dead in the water. So instead, they pass legislation that mandates that all employers must provide their employees with a life insurance policy that is worth at least $100,000 (at no cost to the employee). What are the likely effects on employee well-being of this mandate?
Scarcity is the main reason we are studying economics. Scarcity exists when human wants exceed available resources. Write a four paragraph post that explains the difference between a want and a need? Please give five examples for each of these two co..
Which of the following is the proper value to use as the " first cost" of the defender in a replacement analysis? Which of the following is a replacement repeatability assumption? When conducting a replacement analysis, which of the following equals..
Find the equilibrium interest rate. Now suppose that G rises to 1,250. Compute private saving, public saving, and national saving. d. Find the new equilibrium interest rate.
Oligopoly is the predominant market structure in the airline industry. In the express package business, FedEx, UPS, and DHL compete in the global air express industry. In the US, FedEx and UPS are a duopoly. FedEx and UPS financial indicators such as..
Identify at least two professional organizations in a chosen field. Research the organizations to identify the following:
Prices (fuel, water, grocery items, etc.) tend to rise in response to a natural disaster.
Cigarettes are also heavily taxed. Illustrate what effect does this tax have on cigarette consumption
Joe Cool went to a baseball game and got very hungry for a hotdog. While it is true that the ballpark sells soda and hotdogs separately, Joe Cool never has one without having one of the other. His indifference curve map between these two goods is mos..
Suppose you can hire your mechanic for up to six hours. The total benefit and total cost functions are B(H)=420H-40H^2 and C(H)=100H+120H^2. The corresponding formulas for marginal benefit and marginal cost are MB(H)=420-80H and MC(H)=100+240H. Write..
State whether each of the following goods and services is non-rival, non-excludable or both: (Explain)a. A toll road.b. A public park.c. A lighthouse.d. An art museum.e. A radio broadcast.
Assume that a local bank sells two services-- checking accounts and ATM card services. Mr. Done that is willing to pay $8 a month for the bank to service his checking account, and $10 a month for unlimited use of his ATM card. If the bank is unable t..
Suppose a firm’s production function is: f(E,K) = 40K0.25E0.75 The corresponding marginal product functions are: MPK = 10K-0.75E0.75 and MPE = 30K0.25E-0.25 Suppose initially that the hourly wage is $9 and the price of each unit of capital is $15. If..
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