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What data can be provided to demonstrate the trend in U.S. income inequality over the past several decades? Please support with reference.
Assume that the product depicted below generates external costs in consumption of $4 per unit. What is the socially optimal output By how much does the market overproduce this good
Give a brief summary of the GDP trends over that timeframe and discuss two or three events which may have caused these trends.
explain why would elasticity of demand be important to you in determining the products
In a 2009 Newsweek article, The 50 Most Powerful People List, there are 3 bankers who are listed as the 4th, 5th, and 6th most powerful people in the world. Read the following article on the "Economic Triumvirate": Downloadable pdf version: The Glo..
Illustrate what is the relationship between the trade situation, the value of the dollar, the national debt and the budget deficit/surplus.
Time Magazine and Newsweek are two competing news magazines. Suppose that each company charges the same $5.00 price for their magazines. What is the Nash equilibrium for this sequential game?
Economists also businesses almost always compare costs and benefits in their decision making.
A manufacturer of microwaves has discovered that male shoppers have little value for microwaves and attribute almost no extra value to an auto-defrost feature. Female shoppers generally value microwaves more than men and attribute greater value t..
the elasticities in the above question and assuming that higher gasoline taxes would not shift either the SUV supply curve or the hybrid supply curve, explain how higher gasoline taxes would affect the equilibrium price and quantity of SUV's. Also..
Explain why is the depreciation of capital good a cost of society
What did the Federal Reserve do during the financial crisis of 2008 and 2009 How did the recent financial crisis affect the financial services industry What are some of the major provisions of the Wall Street Reform and Consumer Protection Act
Now suppose that the monopolist fears entry, but thinks that other firms could produce the product at a cost of $15 per unit (constant marginal and average cost) and that many firms could potentially enter. How could the monopolist list attempts t..
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