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a) In 1994, the marginal cost of producing the Power Mac was about $1,500 per unit, and a rough estimate of the monthly demand curve was: P = 4,500 -...
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Suppose the price of manufactured goods is 3, price of food goods is 3. The production function for Qm=Lm^0.30 and QF=2*LF^0. The total number of...
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Using the Austrian concept of money, time preference, interest rates, dynamic interventionism, capital, economic calculation, and exchange: Explain...
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By the summer of 2014, the price of regular gasoline in the United States was hovering around $3.50 per gallon.
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In the summer of 2008, the price of regular gasoline in U. soared to over $4 per gallon. Then, in the fall of that year, the U.
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main finding of hospital efficiency studies. to what extent can the government reduce healthcare by try to improve inefficient hospitals?
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Assume an individual has a utility function of this form U(C, L) = 6 + CxL This utility function implies that the individual's marginal utility of
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individual has a utility function of this form U(C, L) = 6 + CxL endowment of V in non-labor income.
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Discuss the main findings of the hospital efficiency studies. To what extent can the government reduce healthcare costs by attempting to improve
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Time Portfolios Week 1 6 Week 2 5 Week 3 6 Week 4
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Assume that interest rates have recently risen, and housing shortages have created a rental crisis in Melbourne.
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One important aspect of the recent global downturn has been the sharp increase in household saving rates in many advanced economies.
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Once you have described a definition of environmental ethics, it is time to turn to application. Name a technology that intersects with some of these...
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Suppose the U. Congress passes a budget which increases individual income taxes by $120 billion and increases infrastructure spending (airports,...
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Suppose China wishes to peg the Chinese Yuan to the US dollar at $0.20/Yuan. But, because of foreign funds flowing into China, the Yuan appreciates.
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Select an issue currently in the news regarding healthcare in the United States. Discuss how this issue is either helpful or hindered by existing...
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(b) (10 points) We discussed numerous times the possible impact of the recent cut in the corporate tax rate down to 21%.
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Using education vs. "all other goods", draw the following budget constraints:) no public/govt. provision of education (i., all private; standard...
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Describe wage determination in a labor market in which workers are unorganized and many firms actively compete for the services of labor.
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Airline A and Airline B are the two largest airlines in the country.
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According to classical macroeconomic theory, what determines the size of a nation's real aggregate income?
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Can someone please help me with this question. I need to know if cutting price by 10%, sales increase to how many pizzas? And total revenue will
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The British government introduced legislation in 2012 so that universities had the option to raise their tuition fees for students from $3,000 to...
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1) True or False. If the elasticity of demand is 1.33 then as price decreases the quantity demanded will go down. 2) True or false.
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The city council pays $42,000 to an interstate firm to construct a barbeque area with a kid's playground on otherwise vacant land. The firm hires...
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Suppose that the world price of T-shirts is AUD$20 each and Australia has a 30% ad valorem import duty on T-shirts (i. the import duty is 30% of the...
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South Africa is currently experiencing an economic downturn with key macroeconomic variables further indicating a cause for concern.
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microeconomic topic or a macroeconomic topic . Explain Use to following information to work 3 to 6. THE JURASSIC WORLD HAD WORL-WIDE BOX OFFICE...
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Assignment 3: Final Project - Industry and Company Analysis (Weight: 25%) Due by Sunday, Midnight of Week 9 Your Assignment All of your hard work and...
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Legalization of drugs such as marijuana, cocaine, and heroin often provokes intense disagreement among citizens as well as policymakers.
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Demand Curves (2.5 points) 1. Given the ability of a monopolist to price cost fluctuations immediately, would he/she prefer high volatility or low
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The government often has two conflicting roles. It protects consumers by keeping prices fair and promotes a free market (entry of firms). Suppose...
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The latest decline in apartment prices in the capital cities of Melbourne and Sydney are due to several factors.
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Three ways that a company in one country can sell its product to a market in a foreign country?
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A reduction in military spending moves the government's budget from deficit into surplus.
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Consider that the consumer exhibits Cobb-Douglas utility function u(xi;xj) = xi a xj b , where ; gt; 0. For simplicity, you can assume that a+b = 1....
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Sheet1 Demand = 7,000 - 5p Pollution cost of .10 cents Supply = -2,000 + 10p Pollution cost of .
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If A were to start with 10 apples and 10 bananas amp; B were to start with 10 apples and twenty bananas?
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1. In what ways did Blockbuster achieve better strategic fit than local stores? 2. How much implied uncertainty do Netflix and Redbox face? What
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Consider a consumer with utility function u(x1, x2, x3) = x1x2x3, and income w. (a) Set up the consumers utility maximization problem and nd the...
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Merck produces a widely-used statin called ZOCOR that treats high cholesterol. In 2015 they set the price a $30 per 30-day supply. They sold 500,000...
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How does the electronic monitoring of employee communication in organizations fit clearly with classical aspects of workplace communication?
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Tom walks Jim's dog once a day for $50 per week. Jim values this service at $60 per week, while the opportunity cost of Tom's time is $30 per week.
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I need help answering this question?
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Elm Industries receives profits from polluting according to the formula: = 10Q Q^2 where Q = pollution emitted (in tons), and profits are measured...
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//www.tradingeconomics.
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Discuss how externalities may prevent market equilibrium and the various governments policies used to remedy the inefficiencies in markets caused by...
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When milk consumption decreased, a survey firm wanted to know what was going on, so they interviewed people and found that people thought that rising...
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) The market demand function for corn is Q d = 15 -2P. The market supply function is Q S = 5P - 2.5, both measured in billions of bushels per year....
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French fries and hamburgers are complements in consumption. Suppose the cost of the ingredients used to make hamburgers rises, so that the price of a...
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