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Q1. Least degree of confidence in an economic generalization?
Q2. What is example of propaganda?
Q3. A. Assume the consumption of a good entails rather sizable spillover benefits. How might the resulting misallocation of resources be corrected?
B. Name a good of which the consumption is accompanied by spillover benefits.
C. What are the two characteristics of public goods? Is U.S. border control a public good or a private good? Why? How about satellite TV? Explain.
Over the course of this month he has to deliver to 50 spots. To do this job he has 4 possible combinations of output that he can use
Advantages and disadvantages of cigarette money in this prison economy in terms of these 6 criteria.
Illustrate and explain the movement of the aggregate demand and aggregate supply curve both in the short and long run.
For a typical firm producing 100 units of output, short-run marginal cost is constant at $65, average total cost is $95, and average fixed cost is $30.
What other economic factors are affected when taxes are raised or lowered, and how are they affected. Should the government increase tax rates on everyone as a way to equalize incomes and wealth.
A major employer in a small town announces upcoming major layoffs of employees. What should we expect to happen to the consumption functions of the affected employees.
Elucidate how do the GDP per capitals change after accounting for price indices.
The 2 firms form a cartel & arrange to split total industry profits equally. Under this cartel arrangement, they will maximize joint profits.
Nevertheless your total unit sales have increased over this period. Assuming rational buyers and no deceptive advertising, how can you account for this.
Economic surplus could be increased at a higher price because firms would generate more revenue.
Suppose that Missing Link must pay a tax equal to 40% of its gross revenue. What is the optimal number of machines for the company.
What effect did the tax have on LeAnn's output level. How LeAnn's did profits change.
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