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ASSIGNMENTS
1) When we look at the issue of the ability of markets to function (hopefully well) what are some of the issues that factor into the fluctuation of markets, both on a domestic and global level? How does this affect us on a daily basis?
2) As often noted in the media, the federal government appears to be bound by decision making that is influenced by the different actors involved. These actors include political parties, lobbyists, political interest groups, and influential citizens, to name a few. As you reflect on this week's readings, consider all the factors that may affect the ability of Congress to come to a consensus on healthcare reform and policy.
Rent control, rent subsidies and income subsidies are used to improve housing affordability. Which is the better approach, by listing the advantages and disadvantages of each.
What sort of a market structure closely resembles the environment in which the firms in the airline industry in Australia operate in? Explain.
How does technology affect the productivity and cost of the industry you currently work for or you are familiar with? How do the technical and economically efficient concepts shape the long-run average total-cost curve of this industry?
Examine the data. Why are you not surprised that most responses are multiples of 10 minutes? We eliminated one student who claimed to study 30,000 minutes per night. Are there any other responses you consider suspicious?
Explain whether each of the following types of technological changes in health care is likely to be cost increasing.
What is the current macroeconomic situation in the United States - what should the Fed do about it?
What is the equilibrium wage? What is the equilibrium quantity of workers employed? How many workers does each firm employ - What should be the price at which firm B sells its product if both firms are maximizing their profits?
A consumer faces the following decision: She can buy a computer for $1000 and $10 per month for Internet access for three years, or she can receive a $400 rebate on the computer (so that its cost is $600) but agree to pay $25 per month for three y..
assume that four mineral water producers compete in prices in a bertrand setting. the firms differ with respect to
What must an entrepreneur do in order to introduce a new innovative product? What determines whether the new product will be a success or failure?
The U.S. Bureau of Economic Statistics reports
Write the formula for the price elasticity of supply. If an increase of 10 percent in the price of frozen pizzas results in a 9 percent increase in the quantity of frozen pizzas supplied, what is the price elasticity of supply for frozen pizzas? ..
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