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There is much discussion in the press about several states moving to legalizing marijuana, either for only medical purposes, or more extremely, for recreational purposes. Looking only at the economic impact (not moral implications) of such changes in the laws, discuss how the existing system of supply and demand for illegal marijuana will be changed with the new legalization.
What will happen to existing supply avenues?
Will legalization significantly change demand? How?
Would one expect prices to change significantly? How?
What would be the costs and benefits to governments, both in changes in enforcement requirements and in potential tax revenue?
A major breakthrough that allows for on-site generation of electricity for an investment in the generating capacity but after that essentially a zero variable cost of electricity.
suppose you own a taxi company in new york city. assume further the taxi industry in nyc is described by a perfectly
write a 4-7 page paper including the followingmiddot analyze the current options available for use of tcpip and osi
What ar the prices charged, total product shipped to each market, and the total profits to the monopolist under the following two conditions?
According to the human skills theory of comparative advantage, developing countries would be expected to have a(n). After-transfers family income is the sum of
1. consider how unemployment would affect the solow growth model. suppose that output is produced according to the
suppose you are the manager of the bank that has 15 million of fixed-rate assets 30 million of interest rate- sensitive
If growth in labor supply is a source of economic growth, then we should just open our borders and let everyone immigrate to the U.S. Agree or disagree? When it comes to labor what matters for economic growth?
Does the offer sound too good to be true? Why?
As an aid to the establishment of personnel requirements, the director of a hospital wishes to estimate the mean number of people who are admitted to the emergency room during a 24-hour period.
Assume that the monopoly faces the inverse market demand function: What should be the monopoly's profit-maximizing output?
Determine the maximum number of lbs. of butter the economy can produce and
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