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Back in the 1960s, President Lyndon Johnson passed legislation that increased expenditure for both the Vietnam War and social problems in the US.
Include in your analysis an explanation of the determinants of demand and supply, recent changes in demand and supply, elasticity of demand and supply, and the impacts of government intervention, if
Using the same supply and demand equations, can you explain and determine graphically the effect on price and quantity of a tax of $20 per unit? And how can I also determine the following using gra
What would be a good prediction of what would happen to the rate of property crime committed by drug addicts if the price elasticity of demand for illegal drugs is -0.01? Please explain?
A competitive equilibrium is a number of firms (wells) that will drill for oil such that the profits of each well from sales, net of production costs, equal to zero. Find the competitive equilibrium
Air Express, an overnight mail carrier, provides one flight per day from Portland, Maine to Hawaii. Currently Air Express flights have been operating at 80% capacity (maximum capacity 400 pounds).
"US consumer is seen as big loser in new restraints on imported steel" said a recent Wall Street Journal headline. The big gainers from the quota limitations on imported steel were predicted to be U
Question 1: Describe three ways in which the Federal reserve can change the money supply.
Calculate your price elasticity of demand of apples. What can you say about your price elasticity of demand of apples? Is it elastic, inelastic, or unitary elastic?
What are the new equilibrium quantity and the new market price? Give 2 reasons that might cause such a change to occur.
There are indeed several reasons why economic profits are short-lived: new-entrants with the same strategy, competitive reaction by producers of differentiated products, and close enough substitutes
Choose 3 Micro concepts that are important or interesting, describe them briefly, explain how all three are inter-related, and what relevance they would have to one's life.
For the demand curves in c., find the optimal amount of capacity and corresponding prices.
a. Offer extensive drug rehabilitation programs free-of-charge to heroin users b. Increase the minimum length of prison sentences for heroin sellers
Draw Thurston's budget line and indifference map. What is Thurston's optimal consumption choice?
a. Calculate Conigan's profit maximizing quantity. Is the firm earning a profit? b. Analyze Conigan's position in terms of the shutdown condition.
Problem: As the manager of a local hotel chain, you have hired an econometrician to estimate the demand of one of your Hotels (H). The Estimation has resulted in the following demand function:
Q1. What is the market structure in which PC Warehouse operates? Q2. How many PC's should you produce to maximize profits?
Problem 1: With the merger of SCB and ATT, what, if any, cost advantages might be created? Problem 2: What actions, if any, do you think the government will take? are there specific facts to support y
Imagine a Congressman is proposing to improve the welfare of every citizen in the U.S. by paying a base income of $1,200 a month to everyone regardless of income,a ssets, age, etc.
Plot the supply curve for toasters. Is this relationship direct or inverse? Do supply curves generally show direct or inverse relationships?
Problem: The AFL-CIO has been a proponent of increasing the minimum wage. Please help me to understand why.
Why should the expected return for a security be directly related to the security’s covariance with the market portfolio?
For the first assignment, you will submit three or more references. For the final paper, the number of sources that you will need depends upon the substance of the information in your sources. You m
IT MUST seem to Donald Trump that reversing globalisation is easypeasy. With a couple of weeks still to go before he is even inaugurated, contrite firms are queuing up to invest in America. Thi