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How much cola will Lola buy? How much club soda? Illustrate. How much revenue would a S2.00 per litre tax on cola raise?
What motivations are assumed to underlie the public interest and the economic theories of legislation (self-interest paradigm)?
Review the section "Decriminalization of Illegal Drugs" (p. 84) of Essentials of Economics.
He values match at $50 He also has option of working overtime and get an additional pay of $60. What is the opportunity cost of going to the Panther's game?
Calculate the user cost of capital of a machine that costs $5000 and depreciates at a rate of 25%, when the nominal interest rate is 10%.
Discuss any additional challenges of international production, such as political stability, availability of government financing or other incentives.
Compute the own-price elasticity of demand. What does it imply? Examine if the store should consider increasing its spending on advertising.
If the video rental store engages in two-part pricing, how much profit can the video rental store expect to earn from each customer?
If the LOP holds for coffee trade between Vietnam and Columbia, what is the price of coffee in Columbia, measured in Columbian pesos (COP)?
Identify the date on which you accessed the data. Plot the current US Treasury yield curve either by hand or using Excel or a computer graphing utility.
What factors do you feel most contribute to your state's unemployment numbers?
My question is simply this, how does Walmart differentiate themselves from other big name competitors? Do they have a special Niche?
Describe the principle-agent problem as it applies to the employer-employee relationship and explain three compensation schemes to address the conflict.
Why would more accurate economic forecasting make it easier for policymakers to stabilize the economy?
Derive the consumer's inter-temporal budget constraint. Derive the government's inter-temporal budget constraint.
Write down the (long run) cost function. Verify that this function has constant marginal cost. Suppose that firm has production function F(LK-L0K1-a, a (0, 1).
You hope the ads will bring in many more customers. Explain why you need to be concerned about your elasticity of supply.
What is happening to average variable cost? When marginal cost is above average variable cost, what is happening to average variable cost?
Describe the experimental tasks researchers use to study prospect theory with monkeys.
What kind of price discrimination is this type of segmentation and how will the plan increase revenue?
Show what happens in an IS-LM and AD-AS graph in the period the shock occurs.
What type of regulation was used? What is the economic justification for this type of regulation?
Analyze what are the common defenses of protectionism? Evaluate them. Explain Coase Theorem and show how it works with examples.
As a marketer, what do you want to happen to demand for this brand? What do you want ot happen to the price elasticity of demand for this brand?
How would the reduction in the number of immigrant workers affects the economy in the short-term (Use IS-LM framework and graphs).