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Write 600 - 750 words on the following topic.
In chapters nine through twelve of Cocktail Party Economics, Evie Adomait and Richard Maranta discuss the conditions required for competitive markets to be efficient, and write about those circumstances under which market outcomes are less than efficient. They also argue that while perfectly functioning competitive markets are efficient, it is unlikely that market outcomes are equitable. Write an opinion piece on one of the 5 topics as it relates to equity and efficiency- 1) the Canadian government's intervention in agricultural markets (such as poultry and dairy), 2) the provision of public education, 3) air and water pollution produced by Canadian industry, 4) monopoly and monopsony, and 5) financial markets. Use both media sources and CPE as reference material. Media sources include print or online newspapers, periodicals, internet blogs or opinion pieces, documentaries, radio or television.
2. Find the marginal utility of good x2 3. Calculate the Marginal Rate of Substitution between good x2 and good x1: MRSx2,x1 = (du(·)/dx2)/(du(·)/dx1) 4. Equate this marginal rate of substitution to the ratio of prices : (Px2)/(Px1)
Assume that the LM curve for a small open economy with a fixed exchange rate is given by Y = 200r - 200 + 2(M/P). This IS curve is given by Y = 400 + 3G - 2T + 3NX - 200r. The function for the net exports is NX = 200 - 100e, where e is the..
Suppose that the money demand function takes the form (M/P)^d = L(i,Y) = Y/(5i) a. If output grows at rate g, at what rate will the demand for real balances grow (assuming constant nominal interest rates) b. What is the velocity of money in this econ..
Calculate Ziponia's output from 2000 to 2006, assuming that its growth rate was 6% from 2000 to 2001 and then the growth rate fell by 1% point each year. Plot these point onto your graph from part (a). Is the slope of this graph constant.
n a given day, once you subtract 8 hours for sleep, you effectively have 16 hours from which you can choose to work or enjoy leisure (that is to say, sleep doesn't count as leisure). You have a job that pays $20/hour and that is your only source o..
According to the recent CNBC and the Wall Street Journal poll, 40% of the American public approves of the way the President of the United States is handling his job. Take a random sample of n = 10 Americans. And let X equal the number who gives ap..
Compared to last year, more television sets are being bought while the selling price has fallen. This could have caused by:
American Pulp Corp. (APC) has entered into a contract to harvest timber for $450,000. The total estimated available harvest is 150 million board-feet. What is the depletion allowance for years 1 to 3 if 42, 45, and 35 million board-feet are harvest..
Mario and Claudia deposit $100 into their joint account at the end of each month. If their account earns 7 percent/year/year/month (7 percent per year compounded quarterly), how long will it take them to have a total of $15,000 in their account
Suppose there are two goods (a snob good and a bandwagon good), each priced at $100. If I were to increase the price of both goods by $50, which good would experience the largest decline in the quantity demanded by consumers.
Point A 4m barrels oil 200 tonnes lumber Point B 6m barrels oil 150 tonnes lumber a) If we had a PPF with the goods oil and lumber, how would be measure the MC of oil between points A and B
the external demand and marginal cost functions of the marketing divisions of the firm are respectivelyqm 160-10pm or
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