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The same basic economic argument justifies the following policies: (i) speed limits in residential areas and (ii) a ban on smoking in public areas. Is this true or false? Defining relevant economic terms, explain your answer.
How does a tax affect an individual’s decision? Consider the case of an individual who consumes two goods: bread and tortillas, both of which are initially free. Also, assume that the price of each good and the individual’s income are given
Take the first, second, and cross derivative of F(K,N). Explain what the sign of each one means. Divide the function by N and show that the function can be written as F(K,N) = (KN)↵. Letting k = KN, express F(K,N) as a function of just k and let that..
In your paper also include the opposing position along with your rebuttal (of that opposing position). For instance, if you wrote a paper arguing that political parties are beneficial (and why), then your rebuttal would be that political parties are ..
A monopolistic firm faces the following demand curve. Q = 8000 -10 P This monopoly's cost function has been estimated as follows: TC = 480,000 + 40 Q. What price should this monopoly charge to maximize its profit?. What would be its equilibrium profi..
With economic development comes each of the following, except; an increase in the stock of capital, a declining wage rate, a decline in the birth rate.
Popular movements like "buy/shop local" seem to contradict the principle of specialization according to comparative advantage. How does the theory of comparative advantage influence your opinion on these movements and why?
Illustrate what is the quantity of burgers demanded in equilibrium.
Suppose an economy has overbuilt and suffers from excess capacity. A recession ensues due to firms cutting back on expenditures. Is deficient demand more easily remedied by monetary or fiscal policy? Explain.
Choose a product from the list. Name and describe the product category below. What types of products are included? Breakfast Cereal,,Dairy products, Footwear, Fruits and Vegetables (canned, pickled and dried) Household cleaning products, Household co..
What factors will contribute to the riskiness of these bonds.
Suppose the Council of Economic Advisors (CEA) hired you as an Economist (Economic consultant). The head of the council tells that she believes the current unemployment rate of 5.5% is not great. They would like to increase real aggregate output (RGD..
The city of Spillsville is worried that its municipal landfill is going to fill up. As a result, the city's sanitation engineer has proposed three solutions: Require each household to reduce its garbage disposal by 100 pounds per month.
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