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Q. State of Minnegan is considering two alternative methods of funding local road construction, matching grants and block grants. In case of matching grant, Minnegan will spend $1 for every $1 spent by localities.
a. What is price of an additional dollar of local spending in each case?
b. Which of two methods do you think would lead to higher levels of local spending on roads? Explain your answer.
You are the manager of a paper mill and have been subpoenaed to appear before a joint session of the Senate Consumer Affairs and the Senate Environmental subcommittees. What raised in the joint session of the subcommittees.
Illustrate what might you consider to be your "fixed factor". Illustrate what alternative decisions might you be able to make in long run.
Illustrate that the tax be acceptable in spite of the deadweight loss. What tax revenue will be generated.
Illustrate what would you expect to happen to the company's total revenue if the shoe prices were increased. What if the company lowers the price.
Explain why is the supply of physicians a major cause of concern. What is the quintity of aprtments demaneded, and what is the quanitity of apartments supplied.
Why the incidence of the tax a consideration when government imposes this tax increase.
Elucidate what impact on quantity demanded and supplied for cars will be if oil costs rise to $200 per barrel. Illustrate what about if extreme recessionary conditions prevail.
Elucidate the concept of the opportunity cost. your answer could consider opportunity cost in the context of the production possiblity curve.
Explain how would Margaret's indifference map look like. What is the Marginal Rate of Substitution (MRSA,B) between good A and B.
Calculate the marginal cost function. What is Chill man's profit-maximizing cost as well as output combination.
Explain how has American Express Leveraged its brand into customer segments and created value through different card and program offerings.
Suppose price of widgets is $10. How many widgets does each firm produce. How much profit does each firm earn. Is industry in long-run equilibrium? How do you know.
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