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Should Charles and David specialize? Which production should Charles specialize in? Which production should David specialize in?
What are some of your solutions to the problems? Make references to your text and other external sources you may have used. List your references.
What concerns might arise when Congress delegates decision-making authority to unelected leaders, sometimes called the fourth branch of government?
Take a position on this issue and provide arguments and economic justifications for your position.
Are the pollution level and emissions tax still efficient? If so, explain why. If not, explain what has to change to restore efficiency.
What is your juice bar's marginal revenue function? You are interested in maximizing revenue. How much will you produce? What price will you charge?
Describe the good. What are its main characteristics? What are some of the substitutes and complements for the good?
From this economy calculate private, public and national savings. Use the income expenditure identity to calculate the equilibrium interest rate.
Provide the estimated demand function. Are the signs estimated by the parameter supported by the economic theory? Explain.
Consider a market in which the demand curve is given by P = 288 - 1Q, and the supply curve is given by P = 6Q. What is the equilibrium price in the market?
Calculate the cross price elasticity of demand for wheat. Explain how cross price elasticity of demand for wheat indicates whether tea and wheat are complement.
Determine the market equilibrium for mystery novels. Consider the following shock: television becomes popular at the expense of the reading of mystery novels.
Calculate the income elasticity of demand for Sally's consumption of pizzas. What is the proper terminology for this type of good?
Rosie, a manager at ABC Manufacturing, observes production workers. She discovers the problem is the result of a design flaw and not the result of worker error.
Explain carefully the statement: "increasing production cost has significantly reduced the supply of garment. However, instead of rising price, the market price
Create four open-end questions. Discuss research objectives, contributions, past studies, methodology, data, conclusion and policy implications from this paper.
What will be his accounting costs, implicit costs, opportunity costs, accounting profits and economic profits during the first year of operation?
What is the most important reason? What is considered the most important disadvantage to this point of view? is there a possibility of any bad consequence?
Suppose that a firm selling a revolutionary hair regrowth ointment. Based on this information, what would be this firm's profit-maximizing price and quantity?
As a result Alex sees his salary cut by 12%. Assuming that yoga is a normal good shift Alex's demand curve for yoga to illustrate the effects of the salary cut.
Compute the monopoly price and deadweight loss (DWL). Do the same exercise, if the cost function is given by C(Q) =cQ+(k/2)Q2,where c >0 and k=0.
How many movie tickets will domestic students buy (q1)? How many movie tickets will international students buy (q2)?
Discuss those areas of disagreement, and explain which economist's argument had more merit in each case.
What is likely to happen to the quantity supplied of a particular cut of meat when its price rises?
Gross domestic product is important because it gives information about the size of the economy and how an economy is performing.