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Two to three pages should be sufficient for each question.
During the energy crisis of the 1970s, and again in the last 5 years, Congress bemoaned the “price gouging” and “windfall” profits of the major oil companies. In the 1970s Congress imposed an “excess profits tax” on these companies. It did not do so this time? What does this change show about how our understanding of the way the price system works to allocate resources has evolved? If “excess profits” are taxed away, where will oil companies get the money to fund new exploration and development of oil properties? Does it matter if these price increases are demand or supply induced?
A sample that does not over represent any portion of the population also whose responses can therefore be safely generalized
How much must he save during each of the next 10 years (end-of-year deposits) to meet his retirement goal? Round your answer to the nearest cent.
Write about the long-term system. What is it? How does it work? Who pays for it? Who gets insurance? As much as you can - Passive Euthanasia in Sweden: This is the thing about helping people who are very sick and want to die.
Elucidate, with the aid of demand and supply curves, the impact of increased crime on the demand for private security services. On your diagram, show the changes in the equillibrium price and quantity.
In order for third-degree discrimination to be possible, which of the following features is not required?
Suppose that U.S. real GDP is expected to grow by 2.5 percent per year. (a). if real GDP is currently $7 trillion, what will the real GDP equal to in ten year?( b) 2.5 percent of $7 trillion is $0.175 trillion. if real GDP grows by $0.175 trillion pe..
q1. a monopoly firm is currently earning positive economic profit. the owner of the firm makes a decision to wholesale
A practice would like to allocate their resources optimally between the orthopedic and rheumatology departments. The revenues per case generated by orthopedics and by rheumatology are $2,000 and $1,000, respectively.
An MBA student has proposed the following demand equation for good Y. QdY = a + b PY + c M where: QdY = quantity demanded of good Y in millions of tons per year PY = Price of good Y in dollars per ton M = Average consumer income in thousands of dolla..
The right demand shift results into an increase in equilibrium price. The price down of necessity goods results in increases of both demand and total revenue. The price down for long-run results in increases of both demand and total revenue.
Suppose a union that represents some but not all of the employees in an industry is considering a strong push for increased pay for their members during the upcoming contract negotiations. What factors should the union investigate in order to address..
Elucidate which among the following is true.
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