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Insurance agents receive a commission on the policies they sell. Many states regulate the rates that can be charged for insurance. Would higher or lower rates increase the incomes of agents? Explain, distinguishing between the short-run and the long-run.
Would warehouse operators insist on owning their own trucking companies What coordination and control problems and contractual hazards would these companies encounter What organizational form would warehouse operators and truck hauling companies a..
What is the profit maximizing output if the price and What is the maximum profit that can be achieved - What is the marginal product of the 3rd worker
Differentiate the way Keynes and Friedman approach the economy. Determine the key differences and similarities?
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?
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economist joseph schumpeter who taught at harvard from 1932 until his death in 1950 popularized the term creative
An end-of-aisle price promotions changes the price elasticity of a good from -2 to -3. If the normal price is $10, what should the promotional price be? Use (P - MC)/P = 1/?e? to calculate MC and then use the same equation to find out the new price.
What are your recommendations to the current administration considering the state of the economy and the level of national debt? What are the implications of your recommended course of action?
consider the case of a single polluter and regulator. the regulator knows the marginal benefit of pollution abatement
The government has imposed a tax on gasolone. What is the amound of the tax per gallon of gasoline How much tax revenue will government collect from this tax How much of the tax is paid by consumers
Suppose you have a negotiation between management an labor concerning labor wages. Management and labor do well when they each do the opposite of what the other does i.e the best situations for both are: (i) for management to bargain hard (offer low ..
question 1consider a market with the following supply qs and demand qd curvesqd 200-2pqs25at the market equilibrium
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