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Do you think the unemployment insurance program in the USA should be made more generous (like some European countries), or less generous? Why or why not?
In the aggregate expenditure model, assume that the consumption function is given by C = 800 + 0.8 (Y - TP), that planned investment. I. equals 200, and that the government purchases, G, and taxes, TP, each equal 200. Assume that there is no import o..
What is the equilibrium level of national product? What is the government's budget surplus?
Illustrate what is the marginal income product of hiring one low-skilled worker to clear woodland for one month.
A risk-neutral consumer is deciding whether to purchase a homogeneous product from one of two firms. One firm produces an unreliable product and the other a reliable product. At the time of the sale, the consumer is unable to distinguish between the ..
Someone proposes to buy the farm from you for $1 million. Would you make more by selling the farm or keeping it
Sharp rises in the cost of milk, grain, and fresh fruits and vegetables are hitting cafeterias across the country, forcing cash-strapped schools to raise prices or serve more economical dishes.
Both antritrust policy and industrial regulation deal with monopoly. Illustrate what distinguishes the two approaches. how does government decide to use one form of remedy rather than the other.
A monopolist with a straight-line demand curve finds that it can sell two units at $12 each or 12 units at $2 each. Its marginal cost is constant at $3 per unit. Given the demand curve, draw the MR, and MC curves for this monopolist.
q.essay questions make sure you thoroughly answer all parts of each question format requirements will be enforced.1.
How does the concept of prospect cost apply to production possibilities curve analysis. How do these decisions differ between capitalist also socialist systems
Chris consumes only 2 goods, Suppose his utility function is U(X1,X2)=X1 1/3,X2 2/3, Suppose P1 =$2,P2= $8 and income(I)=$600 I want to know how to do the problem, so I need to see all the steps it takes to arrive at the correct answers for a,b and c..
A Business Week table ("The High Price of Admission," October 23, 2006, 60) compares various business schools by calculating how long it takes to break even on a student's investment in a Masters of Business Administration (MBA)
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