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Would elasticity of demand be important to you in determining those products on which excises should be levied? Explain.
Markets were based on the competitive model we have presented in this chapter. Do you think the Internet has helped create more competitive markets or less? Why?
Demand from abroad (say, a decrease in tourism) that lowers net exports. Show the effect of this 'demand shock' on the level of GDP and the exchange rate and the interest rate.
"What conditions exist when economic profits are maximized? What is the difference between economic and accounting profits?
Evaluate the statistical significance of the equation as a whole and of each of its coefficients. Calculate a point estimate of JTF's average sales and a 95% interval estimate of sales based on these
Suppose the market price of sugar is 22 cents per pound. If a sugar farmer produces 100,000 pounds, the marginal cost of sugar is 30 cents per pound. Is the farmer maximizing profit?
The plan, claiming that such a move would dilute the value of the outstanding shares. As CEO, how would you defend the stock option plan to the shareholders?"
5 years inflation=5%, the target rate of unemployment, 5% is also the actual rate.(i) demonstrate the economy's likely position on the short-run Philips curve.
Suppose that your college charges you separately for tuition and for room and board. What is an explicit opportunity cost of attending college?
A Chinese retailer offers to purchase running shoes for $55 per pair and tennis shoes for $55 per pair for distribution in China. Should the shoe company sell any shoes to the Chinese retailer?
What is Overnighte's competitive benefit in an industry dominated by companies such as Federal Express? Is it a wise decision to limit the company's area of operations to California? Why, or why no
Why are some persons with graduate degrees earning less than computer scientists who only have undergraduate degrees?
It has the chance to build a 90-megawatt coal-fired plant that could easily supply all of its energy uses even at peak daytime demand. Should it necessarily proceed?
Create three Main Topic and post at least a short paragraph of each topic about a current economic event, including source (such as newspaper, magazine, or TV).
Different security that also costs $3,000 today but pays off $3,300 with certainty in one year. How is an investor's choice of which security to purchase related to his degree of risk aversion?
The opportunity cost of her labor. She can sell 300 glasses for $0.50 each. What are Wanda's total economic costs per glass?
Explain the most important information you would require on which to base sound economic judgments and why, then assess the various forms of organizing.
Knowing that the price of the second input is $2.00, what should the firm do to optimize production (assume that the MPP's are independent for the sake of this discussion). Why?
Explain how this information affects decision about whether or not to build a larger hanger that can produce aircraft at a lower cost per unit.
Suppose that two individuals, Jon and David, form a community and would like to construct a communal fort that would protect them from attacks.
What market structure is more beneficial for Wonks to operate in, and will this be the same market structure that will benefit consumers?
If no price controls had been in place, the effect of the oil embargo on the equilibrium price and quantity of gasoline would have been?
How much extra imports would have to be generated in Country A to offset the trade-diversion cost of the free-trade area?
If Congress levies an additional tax on luxury items, the prices of these items will rise. However, this will cause demand to decrease, and as a result the prices will fall down.
Be very inelastic since the amount he spends is not responsive to a price change. Be very elastic since the quantity he demands will change significantly if the price changes.