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Question: Short Essay required
Joseph Stieglitz, Nobel Laureate in Economics, has argued that the US should pay for higher education from the general tax coffers. Thus, he proposes a free for citizens higher education that will cost $300 billion. Given the unemployment rate of above 9%, huge CA deficits, education quality that is last among the wealthy industrial nations, competitiveness that is slipping and increasing debt levels for the government, comment on his recommendation.
Was this a bilateral or unilateral contract? Explain. Was this a bilateral or unilateral contract? Explain. Who was the offeror and the offeree in this scenario? Why?
suppose that the production function for a commodity is given by q 10radiclkwhere q is the quantity of output l is the
Analyze it using the economic way of thinking - possible approaches include ( you do not need to use them all and these are only some you may consider).
Why was the government bailout controversial? Does the fact the federal government earned a profit on its investment in AIG mean that economists and policymakers who opposed the bailout were necessarily wrong? Briefly explain.
James is a 35-year-old economic consultant who eagerly anticipates the day he will retire from his job and move to a lovely, but expensive, vacation spot, complete with beachfront property and a yacht. James gets income from labor income and investme..
consider the following game there are 5 pirates on a boat conveniently named p1 p2 p3 p4 and p5. these 5 pirates have
What is the initial contribution margin for ValueX - what is the break-even change in sales of the blenders that must be achieved for the drop in price of the blenders to improve ValueX's profit?
Determine the market structure in which the low-calorie food company operates and analyze short-run and long-run production and cost functions.
Think about the business cycle: during a recession, unemployment increases; it decreases in an expansionary phase. Explain what happens to TANF, SNAP.
Describe the difference between a monopoly and an oligopoly, and a cartel and provide an example of the monopoly, an oligopoly, and a cartel and write down the welfare effects of monopolies and oligopolies.
The details about three identical firms operating in Cournot competition are given. The demand curve with marginal revenue, profit maximization, optimum quantity, total demand and market price related questions are answered.
Why there is so much advertising in monopolistic competition and oligopoly? How does such advertising help consumers and promote efficiency?
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