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For most young people, working full-time and going to school are substitutes: you tend to do one or the other. When it's tough to find a job, does that raise the opportunity cost of going to college or does it lower it? When it's tough to find a job, does the demand for college rise or fall?
Other things equal what effects would each of the following have on aggregate demand or aggregate supply? In each case use a diagram to show the expected effects on equilibrium price leevel and lefe of real output. a. Reduction in the economy's real ..
Further assume that the marginal cost of producing a pack of cigarettes is $6, and that the market for cigarettes is perfectly competitive. Assume that each pack of cigarettes smokes does $6 worth of health damage to the smoker in the form of incr..
What are episode-based payments (EBPs) and how do they differ from traditional FFS payments. What is the economic intent behind EBPs? Explain how EBPs relate to the idea of supply-side cost sharing?
One main difficulty examined in the book is the cleanup of hazardous waste sites.
Explain with a graph and a verbal explanation how a ticket price ceiling placed on a monopoly sports franchise (that does not sell out its games) may actually lower ticket prices and raise attendance.
Sandy is planning her consumption over five periods during which she expects her income to be 4, 10, 16, 12 and 8. What is Sandy's permanent income? What is Sandy's marginal propensity to consume out of a temporary increase that boosts first period i..
q.the missing link chain-link fence company is trying to determine how many chain-link fabricating machines to buy for
AOL, LCC, mistakenly made public and personal information of 650,000 of its members. The members filed a suit, alleging violations of California law. California courts have declared in other cases that the AOL clause contravenes a strong public poli..
Assume that muffins are incredibly addictive, so consumers have perfectly inelastic demand for them, up to a certain saturation point.
At what output level would the monopolist produce? (C) At what output level would a perfectly competitive firm produce?
Your dental clinic provides 3,000 exams for private pay patients and 1,000 exams for members of a union. Your fixed costs are $50,000 and your incremental cost is $40. If the union negotiated a fee of $45 instead, what would you charge private pay pa..
What are your thoughts and experiences of special education law or children with disabilities in the education system in America? What do you think should be done to support students with disabilities in light of shrinking school budgets?
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