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Suppose that the U. government places a ceiling on the price of Internet access. Show why there is a shortage of lnternet access at the legal Price.
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Could you answer this question( in two pages) Your company has just acquired another company which has locations in Quebec and Paris.
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McDonald's spends millions of dollars each year on legal protection of its brand name, thereby preventing any unauthorized use of it.
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1. Review the following companies and give your opinion (as informed by economic concepts from class and the textbook) about whether each company as
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Albin has quasilinear preferences and he loves pretzels. His inverse demand function for pretzels is p(x)= 49-6x, where x is the number of pretzels...
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A new head of state, who promised during the campaign that he would cut taxes, has just been elected.
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Some other colleges and universities have a policy of paying equal salaries to professors in all fields.
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There is news that the price of Tucker's Cider Explosion will increase significantly next week.
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What happens when a cyclone destroys the banana plantation?
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The Bureau of Labor Statistics reported that in 2008 the total labor force was 154,287 thousand of a possible 233,788 thousand working-age adults....
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What are some of the differences between developed and developing countries in terms of health care needs or priorities?
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0 Question 21' Eansu rnptian amacth ing irn [Jli that if cansu rne r5 sudd El'll'f expect ta have higher income in the future then they.r will wa nt...
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Correct the following statements, if needed, so that terms "demand', "quantity demanded", are used correctly. Write down the correct sentence.
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Correct the following statements, if needed, so that terms "demand', "quantity demanded", are used correctly.
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Not having had a contract or a "hit" during the last 12 months, Itchy "Fingers" Valachi, the Mafia's chief executioner, needs a loan to pay off the...
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name, previously patented equivalent? Explain why the price of a brand-name drug typically declines when an equivalent generic drug becomes available?...
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Please use own words. Analysis of approaches to independence by Catalonia Spain? And how catalonia approaches the problem? And how government react
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Use economic theories and terminologies you learned to analyze and explain the questions . A single strong paragraph for each.
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assess how business leaders use managerial economics to make business decisions indicating how profits may be impacted.
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Each employer faces competitive weekly wages of $2,000 for whites and $1,400 for blacks. Suppose employers under-value the efforts/skills of blacks...
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Century National Bank Assume that you work in the Planning Department of the Century National Bank and report to Ms. Lamberg.
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Wage rate w= 10 Pocket money V= 10 from parents Max ln(C)+ln(L) subject to C= 10(15-L) +10 a) Solution? b) What if gov't increases minimum wage to 12?...
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figure 2 shows the demand for on campus student housing at the university of Idaho, in Moscow, Idaho. The college has 2,000 rooms for rent.
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Assume forex market equilibrium is given by i = ([1/E]-1)+0.10 where the two foreign return terms on the right are expected depreciation and the...
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You buy only apples and bananas. Your budget is such that you can purchase 3 apples and 4 bananas or 9 apples and 2 bananas. Write down the equation...
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What do we mean by the term ABSOLUTE ADVANTAGE? What about the term COMPARATIVE ADVANTAGE?
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discuss how you are affected by the Federal Reserve's monetary policies.
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Assume there are only 3 countries in the world: X, Y, and Z. In 2010, X ran a Current Account deficit of $10 billion while X ran a Current Account...
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A basic difference between microeconomics and macroeconomics is that microeconomic examines the choices made by individual participants in an
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Think of the last two major things you bought. Why did you buy them? What were your opportunity costs in making the purchase?
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For example, suppose the Fed were required to conduct monetary policy for holding the unemployment rate below 4%, the goal specified in the...
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Suppose the Fed were required to conduct monetary policy so as to hold the unemployment rate below 4%, the goal specified in the Humphrey-Hawkins...
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As the Chinese economy grows, car sales are rising exponentially.
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Seth could consume $120 next year if he saved all his current earnings. He expects to earn nothing next year. The intertemporal budget constraint for...
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Week 03 Discussion - U. Budget Deficit Visit the website of the Congressional Budget Office (http://www.gov) and find the U. Federal deficit...
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I need to submit a substantive, quality follow-up responses to my classmates' initial answers.
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Demand for a good is given by P=72. Supply is given by P=13. Find the equilibrium quantity (Q) 2. Demand for a good is given by P=22. The Supply...
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How Many Book Stores?
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Review the following scenario: You work for a formal organization in the United States that has an open, flexible organizational structure as...
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Consider the same short-term interest rates as in problem 4 above. If the yield on a discount bond that matures in 4 years is 9.
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Tesla. You've been hired by the president of Tesla to provide some economic analysis of responses to a recent fire in their electric car.
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Let us connect economic theory to actual events. Find an article in a recent newspaper or magazine illustrating a change that will affect national...
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Suppose the government sets a target price of $5 per bushel for any quantity supplied up to 1,000 bushels. How many bushels of corn are purchased by
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In the city of New York, plumbers have the option of joining a union or working as a non-union plumber. Suppose the total short-run supply of...
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7. If the reserve requirement (rr) is 0.2, the currency deposit ratio, C, is 0.05 and the excess reserve ratio (e) is 0.15, what is the money
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The potential output is $800 billion. The required reserves ratio is 5%. If the current real GDP is $740 billion, then the central bank would attempt...
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shows the interest rate on the vertical axis and the quamity of, l V- - ' in the level of real GDP will cause a movement from:
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"you are chairperson of a state commission responsible for establishing a program to raise new revenue throug excise taxes.
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What fundamental difference can you identify between the philosophies of Adam Smith and Karl Marx?
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Unlike a pure monopoly firm, a monopolistically competitive firm: produces a standardized good or service. makes a positive economic profit in the...
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