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Q. College enrolment increased at the same time that average tuition rose dramatically. Does this contradict the law of downward-sloping demand? Explain.
Use supply and demand model to explain the dramatic rise in the price of a college education.
Disposable personal income equals personal income and two factors are the keys to determining labour productivity
The benefit of cutting down a forest is $1 million now. the environmental cost of that harvest is $10/year forever.
Use indifference curves to distinguish between income and substitution effects, using the above techniques explain why the demand curve slope downwards, What are the main criteria for designing a tax system, To what extent do you think the national..
Analyze the USA financial meltdown that happened in 2008-2009. This crisis was partially caused by the reward systems that were in place for participants in the financial system. Identify the major participants in the financial system.
Depict the von Neumann-Morgenstern utility index u in a diagram
The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled
Explain how the short-run Phillips curve, the long-run Phillips curve, the short-run aggregate supply curve, the long-run aggregate supply curve, and the natural rate hypothesis are all related.
Government encourage a decision to expand? How would it affect the reputation of the business?
What combination of T and M will you choose? Suppose that the price of day trip rises to $80. How will this change your decision making?
Calculate Marginal Revenue from demand if the marginal propensity to save is 0.05, how large is the multiplier.
Explain why government regulation is or is not needed, citing the major reasons for government involvement in a market economy. Provide support for your explanation.
A county is considering using a piece of park land for one of two alternative recreation projects. Project S would require construction costs of $2 million (year 0) and generate net benefits of $1 million per year for 10 years.
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