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Question: The adoption of a consumption tax would have a significant effect on the market value of certain assets. Which assets are likely to decrease in value? Which to increase in value? Should the government do anything to compensate the losers or to tax the gainers?
Explain whether there is a relationship between inflation and unemployment. Should government interfere and reduce inflation and unemployment? Provide real life examples.
Select any four of the six summary statements and explain in detail the significance and possible causes of each item. Be sure to use the economic concepts and polices discussed in your textbook where applicable.
According to the rule for optimal input usage, a firm should hire a person as long as her marginal revenue product is greater than her marginal cost to the company.
In the United States real estate brokerage industry, brokers employed by large brokerage companies have traditionally worked for a portion of the commissions they generate.
The following graph shows the short-run aggregate supply curve (), the aggregate demand curve (), and the long-run aggregate supply curve () for a hypothetical economy. Initially, the expected price level is equal to the actual price level, an..
The value of good A goes up. As a result the demand for good B shifts to the left. From this we can infer that, Suppose that the current market value is below the market clearing level.
Koop likes food however dislikes cigarette smoke. The more food he has, the more he would be willing to give up to achieve a given reduction in cigarette smoke. If food and cigarette smoke are the only two goods, draw Koop’s indifference curves
Research two public companies of your choice who have had lapses in ethical standards. Write a research paper describing the ethical lapses of both companies and the consequences.
Choose a current business article from October or November 2014 (any country) that illustrates market failure (lack of competition or negative externality). Make sure your chosen article is about a market not one company.
What is the equilibrium quantity in this market and what is the equilibrium price in this market and what are the resulting output, revenue, cost, and profit of the typical firm?
Calculate the short-run and long-run cross price elasticities with respect to Py(see p. 28 and p. 30 in the notes). What type of goods are X and Y with respect to these elasticities?
In what way and for what purpose are economic theory, mathematics
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