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Based on BNN Bloomberg Economics, Select a recent article and report on the economic implications - Incorporate terms and economic vocabulary into the report
Does this imply that the demand for air travel is elastic or inelastic? Describe one way airlines use to prevent customers from engaging in arbitrage.
The price of wool decreases AND the price of pork increases. What happens to the demand and supply of lamb chops as a result?
If a firm has an after tax cost of debt equal to 6%, a cost of equity equal to 12% and a D/E equal to 1 what would the weighted average cost of capital equal?
How would they study the issue? What questions would they ask? This is a critical thinking exercise. You will be applying each perspective to your issue?
With this information, can you determine Sam's optimal bundle? And Jo's optimal bundle?
Now, throroughly explain how would you change the tax system to promote equality, efficiency, and/or economic growth?
Propose utility functions that represent each of the preferences. What are the axioms that these preferences violate? Justify your answer.
The eye on the Dreamliner see page 45 in your textbook. How does the Boeing Dreamliner plane fit into Adam Smith's three key theories of Economics, discuss.
What would happen to the equilibrium price and quantity of EVs compared to the initial situation before any of those two events occurred?
Given that rent controls can have a negative impact on low-income people devise a housing strategy. What are likely ramifications for the rental housing market?
Provide a critique of IIRA by (briefly and informally) describing bargaining environments that may violate IIRA.
Economics believes that opportunity costs should always be considered. With which of these statements do you agree? Why?
Explain three factors that can weaken property rights in a market in a perfectly competitive market.
Find utilities where each good will always be demanded, even in tiny quantities, at any finite price. Then market clearing will imply prices are infinite.
The G.E. Prices are pX = 5, and pY = 5. If consumer's utility is U=lnX+lnY, what are the G.E allocations of X and Y? Show this G.E. allocation on a diagram.
It is often said that litigation costs too much and there is too much of it. Under what assumptions can propositions be true without violating economic logic?
If the increase in demand for plywood is permanent, should the managers of a plywood firm increase their firm's capacity? Why or why not?
How much will the supply price of blueberries fall if the government imposes such a tax? Who bears the greater burden of the tax, consumers or producers?
How much profit does the Big Toy company make? If this were a competitive market, how many units of the toy would be sold?
Calculate the total volume of gas mixture. Calculate the volume fraction of each component.
Draw a diagram to compare the deadweight loss of a tax when industry is perfectly competitive to deadweight loss of a tax when industry is a classical monopoly.
In this economy, what is the level of Y produced? What is the equation for national saving? Compute the equilibrium interest rate.
Identify who, if anyone, has a comparative advantage in BB & DD. Identify who should specialize in BB and whom in DD.
Contrast a system of freeways with a system of toll roads. What are the benefits and costs of making it a public good as in Michigan?