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A Pigouvian subsidy 1) cannot achieve an efficient equilibrium outcome 2) is a per-unit payment on a good that equals the marginal external benefit
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A lake has three commercial resorts along with a public access area. All users of the lake benefit from improvements to water quality of the lake...
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Physician assistants have long argued that they have the ability to provide as much as 70 percent of the medical services provided by primary care...
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EGN3613: Engineering Economics Analysis https://www.youtube.com/watch?v=4c2bUIanZ1Mamp;feature=youtu.be
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Other firms, who control most of the supply with other suppliers may agree on the prices to charge and so price will not be determined by the
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What is meant by the statement that "quality is not free"?
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Wages are set in many ways. Sometimes they are set by collective bargaining , that is, bargaining between firms and unions.
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QUESTION 5 In the strategic view of bargaining:
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I'm sorry, you asked me for $50.00 and that's what I paid. Now you request for me to increase the amount. I can't do that. Please refund me the $50.
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Homework 3: International Finance and Open Economy Macroeconomics Due in Class, February 1st Show your work! Monetary Approach to the Exchange Rate:
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Most firms want their workers to feel good about their jobs. Feeling good promotes good work, which leads to higher productivity.
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Oligopolies are firms that operate in a less competitive market where market concentration is high, meaning only few firms produce a given commodity...
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Prescott Pharmaceuticals is facing class action suit over side effects caused by its latest growth supplement.
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ECONOMIC GROWTH 1. Chapters 23 and 24 investigate causes of economic growth.
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[40 points] In Retireland, no one commutes to work, and everyone consumes a single good (food), which is imported from another region and can be
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Consider a barge owner who is deciding whether to post an attendant on his barge to make sure that it remains properly moored to the pier.
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The table below includes data for a one-year period required to calculate GDP from the expenditure side. What is the value of GDP?
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The demand and supply for Q are given, respectively, by: Q = 500 - 20P (DEMAND) Q = -100 + 10P (SUPPLY) Suppose the government enacts a deficiency...
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the questions are about the production function and its properties. 1. why must MPN(Marginal Product of labor) always be positive? 2. why must the
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John is the Southwestern Regional Manager for the National Forest Service and has to make decisions about how many rangers (R) to hire and how many...
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Angie is an avid ornithologist who enjoys birdwatching on the trails in a nature preserve near her house in Boulder, Colorado. For Angie, birds are a...
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The short-run supply curve is the A. marginal cost curve above the break-even price. average variable cost curve above the shut-down price. marginal...
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ee that investment credit reduce the price of capital, so does it help create more jobs or does it provide better business for owners, why or why not?...
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A firm chooses between two production technologies for a new product line. Technology 1 has total costs of production: ????1 (????) = 100 + 10???? +
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Robot is a computer repair shop in New York City.
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describe the economic logic behind the theory of purchasing-power parity.?
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Summarize in a few sentences what you understand from the following statement: “There are overall gains from trade”.Discuss what might be negative consequences of globalization and international t
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quot;1. In your own words define how public policy decision makers assess performance, and how business leaders formulate effective competitive...
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Qd=60-2px+0.01M+7Pr 1) What is the demand function for good X? Suppose the supply function is Qx=-600+10Px 2) What are the equilibrium price and
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Let MAC1= 100-10e MAC2= 50-10E graph each function and compute aggregate MAC. Let MD=30E compute socially eff equilibrium.
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____________Nicole D. _______________________ ECO 121 (Macroeconomics) Test 4, Fall 2012 Questions 1 to 40: Do all 40 questions (Two and one-half...
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) Using the long-run model discussed in chapter 3, suppose you're given the following information: The consumption function is given by C = 50 + 0.6...
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if real GDP is $6000.00 the money supply is $4000.00 and the price level is 2 then velocity is what?
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For a particular good, an 8 percent increase in price causes a 12 percent decrease in quantity demanded. Which of the following statements is most
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In your city, there are currently three firms providing oil changes. For each firm, there is a fixed cost of $100 per day and a marginal cost of $12...
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If the price elasticity of demand is equal to 1, then demand is unit elastic.
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1. When computing GDP, we make an adjustment whereby we add any increase in inventories to the value of goods and services sold. Why do we make this
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DIAGRAM THE EFFECT OF EACH OF THE FOLLOWING ON U. INTEREST RATES. An increase in the expected rate of economic growth in the United States.
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Waterfront homes have an inelastic supply and electric scooters have an elastic supply. Suppose that a rise in population doubles the demand for...
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Which of the following is NOT a determinant of suppy a) technology of production b) expectations regarding future prices c) the cost of production d)...
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Suppose the following table reflects the domestic supply and demand for compact disks (CDs).
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-suppose a stadium can hold 30,000 people for a soccer match.
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Bank Failures Despite the regulations that protect banks from failure, some do fail. Go to www2.gov/hsob/ Select the tab labeled "Bank Failures".
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(5 points) The US Navy is building an aircraft carrier. Price: $12 billion. There are about 300 million people in the US.
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As soon as possible, thank you 1. Discuss the idea of external benefits in funding an education in the arts versus engineering or business 2.
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Read the article : https://docs.google.
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The variables used to measure the economic growth is the labor and capital and the productivity. The amount of labor is measured by the number of...
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Total Costs for a firm are given by: TC = 3Q 2 + 5Q. Marginal Costs for that same firm are given by: MC = 2*3Q + 5.
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A bank that is charter from a state government is called a state bank. They are required to obtain FDIC insurance, but they are not required to...
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Firms maximize profits Profit = Total Revenue = TR Profit = TR - TC At what level of output is profit max? So lets use MC=MR! Profit = TR - TC At
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