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When a locality is required by federal law to do something, regardless of whether it receives federal funding for that purpose, this duty is called
a. condition of aid
b. mandate
c. string-attached mandate
d. court decision
Suppose a tax of $.10 per unit on a good creates a deadweight loss of $100. If the tax is increased to $0.30 per unit, the deadweight loss from the new tax would be:
Compare the Euro downfall with the other major currencies of the world over? In regards with the negative interest rate they implemented.
The annual demand for a product has been projected at 2,500 units. This demand is assumed to be constant throughout the year. The ordering cost is $30 per order, and the holding cost is 40 percent of the purchase cost. Currently, the purchase cost is..
What is the outcome of the case and whether you agree with the final decision and why?
Would you expect deviations from the law of one price between the United States and Mexico to have risen or fallen over the past two decades? Explain your answer carefully, providing details on the types of goods and services which you believe would ..
Explain why the cost structure associated with many kinds of information goods and services might imply a market supplied by a small number of large firms. (At the same time, one internet business such as grocery home deliveries have continually suff..
Illustrate what ranges of the money growth rate (assuming positive values) would allow the Bank of Korea to achieve this objective.
Describe one or more specific examples of how businesses you know are using one-to-one communication to build a stronger relationship with you. (Note: Often these are little things done to build rapport and loyalty
In a market served by a monopoly, the marginal cost is $60 and the price is $110. In a perfectly competitive market, the marginal cost is $60. What would happen to the price in each market if the marginal cost increased from $60 to $75?
Given the production function Y = A and fixed values for the saving rate and depreciation, if productivity is growing at an average rate of three percent, and the labor input grows at two percent, there is a unique growth rate of capital that is sust..
In what situations will a court impose a strict liability standard instead of a negligence standard? Provide a real-world example of a strict liability case. Is imposing this standard fair? Are strict liability standards fair as a general rule?
What are the four market types? Give an illustration of each. From a social standpoint, what is the problem with monopoly? Discuss this using an example for illustration.
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