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Suppose that to overthrow the status quo, an alternative requires 70 percent or more of the vote. Which property of voting is violated? In many committees the chairman has the casting vote. Which property of voting is violated?
Indicate in each case the impact on external and internal balance as well as the appropriate policy response.
Assume the demand function for basketballs is given by QD = 150 - 3P + 0.1I, where P = price of a basketball and I = average income of consumers. Also, assume the supply of basketballs is given by QS =2P. If the market for basketballs is perfectly..
oprah just inherited a house with a market value of 150,000 and she does not expect the market value to change. Each year, will pay 300 for utilities and 2000 in taxes. She can earn 4 percent on money in a bank account. Her cost of living in the h..
Draw and properly label a demand and supply curve. Indicate where the equilibrium Price and Quantities are located. How do things change based on the following scenario?
If she spends all of her income on uglifruits and breadfruits, Natalie can just afford 11 uglifruits and 4 breadfruits per day. She could also use her entire budget to buy 3 uglifruits and 8 breadfruits per day. The price of uglifruits is 8 yen ea..
b)At the profit-maximizing output rate, what are the monoplist's average total cost and average revenue c) At the profit-maximizing output rate, what are the monopolist's total cost and total revenue d) What is the maximum profit
Assume that a monopolist decides to maximize revenue instead of profit. How does this operating objective change the size of the deadweight loss If you are a "benevolent" manager of a monopoly firm and are interested in reducing the deadweight los..
According to Yahoo Finance, on a twelve trailing month (TTM)basis, Heinz has a Return on Assets of 9.59%, and a Return onEquity of 56.28%. By way of comparison, ConAgra(CAG) had a Return on Assets of 6.45% and a Return on Equity of 11.16%.
The cost associated with maintaining rural highways follows a predictable pattern. There are usually no costs for the first three years, but maintenance is required for restriping, weed control, light replacement, shoulder repairs, etc.
Regal Health Plans issued a ten-year, 12 percent annual coupon bond a few years ago. The bond now sells for $1,100. The bond has a call provision that allows Regal to call the bond in four years at a call price of $1,060.
The generalized demand function for good A is: Qd = 600 - 4PA - 0.03M - 12PB + 15F + 6Pe + 1.5N where Qd = quantity demanded of good A each month, PA = price of good A, M = average household income, PB = price of related good B, F = consumer taste..
At the end of 2006 an expert economist from the Global Economic Institute in Kiel, Germany, predicted a drop in the value of the dollar against the euro of 10% over the next 5 years. If the exchange rate was $1.27 to 1 euro on November 5, 2007.
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