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What are some key differences between capitalism and socialism that you found (based on the definitions that seem most accurate to you)?
Why did corn become such a major crop around the world? What did you learn about high fructose corn syrup from this film?
Based only on these data, provide quantitative estimates of the likely pre- and post merger prices in the wholesale market for premium Scotch liquor.
In the public goods problem where c=100: suppose a generous benefactor make. What do the second-best mechanisms look like now? You can answer by drawing graphs.
If your cost of producing bran muffins is C(Q) = 3.0Q, determine the optimal number of bran muffins to sell in a single package and the optimal package price.
For the overall market, what is the marginal value of the fiftieth cup of coffee? What else would you need to know?
Evaluate the effects that an El Nino phenomenon would have on the market for non-diet soft drinks.
Why have electric vehicle prices rapidly risen in past year? What is a possible solution governments could implement to make electric vehicles cheaper to buy?
How does freedom of choice in a free market economy relate to the concept of utility at the individual level and at the societal level?
Show your understanding of the principles of supply and demand by looking at the oil market today. Go online and search for a chart of oil prices
Distinguish between quantity demanded and change in demand with the aid of diagrams. Explain why the demand curve has its unique downward slope.
Hanna economists have determined that the arc price elasticity for this microwave oven is -1.2. Which the following statement is wrong?
Calculate (a) the quarterly payment, and (b) monthly payment. If the loan must be paid back using quarterly payments, show the amortization schedule
Problem: What are visual clues that a distribution is non-normal? Provide at least 2 supporting arguments.
However, sometimes there is a problem of asymmetric information between buyer and seller. What is meant by 'asymmetric information'?
Select a specific consumer behavior and construct a "mini case study" that highlights the workings of marginal utility and how it affects the consumption
As we discussed in class, a decrease in supply or demand reduces economic welfare, We also saw how price ceilings and price floors reduced economic welfare.
Provide detailed explanations of costs and benefits and related economic principles to support the proposed Medicare Part X.
Describe the important economic characteristics of Standard & Poor's 500 index. What happens when the $80 stock has a 2-for-1 stock split?
. Stevens agree that she has chosen point A in the graph as the size of her sales force but disagree on the wisdom of this decision. Who is right?
Problem 1: Why do indifference curves have a negative slope? Problem 2: What is a Giffen good?
If the movement places a $100,000 excise tax on each new scanner sold, the new equilibrium price will be?
Assume that you own equity shares in a company. The company is profitable and has to decide between increasing dividends and share buybacks or retaining profits
Summary of the indicators and objectives - Full employment and unemployment measurement
If the transaction is completed at $510,000, what level of tax rate will result in unconsummated transaction?