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Using the concepts of rational behavior, utility, opportunity cost, marginal benefits and marginal costs, and allocative efficiency and content from the economics USA comment on whether the United States should drill for oil in Alaska and off the Gulf Coast?
illustrate what types of fiscal and monetary policies are taken to stimulate the economy during the recession phase of the business cycle.
What is the difference between a traditional monopoly and a natural monopoly. Include the following points Identify the incentives to produce and price the product for a traditional monopoly and natural monopoly.
Elucidate the organization/industry continue, expand, or reduce current operations in order to maximize profits. Explain your reasoning.
What could a president or other government policymaker do to raise a contry's standard of living.
Assume the price of every old edition microeonomic book. Determine the values of B and T that maximize Sam's utility.
If an absolute majority approve the plan, then they proceed according to the plan. If he fails to pass his proposal by an absolute majority, then P1 must walk the plank, and it becomes P2's turn to propose a distribution of the coins among the rem..
Assume the utility function is not the square root of income but instead, utility is linear in income.
For several years, Palm was the dominant manufacturer of PDAs (personal digital assistants). However, a number of other manufacturers have since entered the PDA market.
Describe three ways we can use macroeconomic analysis, with one original example for each way
Say that investment increases by 20 for each interest rate drop of one percent. Say also that the expenditures multiplier is 3. If the money multiplier is 4, and each 5 unit change in the money supply changes the interest rate by 1 percent, what open..
Indicate at which point flat-of-the-curve medicine is experienced in the following example (imagine that antibiotics have been prescribed for a given population of 1,000 elderly persons). (Jacobs 31) Jacobs, P.. The Economics of Health and Medical..
A country with a civilian population of 120000 (all over age 16) has 100000 employed and 10000 unemployed persons, of which 5000 are frictionally unemployed and another 3000 structurally unemployed.
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