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How much does that leave for this family per month for everything else: rent, utilities, taxes, auto, medical, clothing, and education?
What would that transfer likely do to your incentive to work? Would the effect be different if you voluntarily gave $75 to someone else? (Austrian).
What policies would be necessary to make U.S. antipoverty programs far more effective?
If a garbage collector earns more than an English teacher, does that mean something is wrong with the economy? Why or why not?
How would you apply the conditions to your views on welfare? How would you apply the conditions to your views on how progressive the income tax should be?
How is the distribution of income related to the emergence of the Tea Party and the Occupy movement?
How much in taxes will you have to pay? What is your average tax rate? What is your marginal tax rate?
Sketch the general shape of the firm's MR, MC, and demand curves and show why there are two possible equilibria.
For the case, where there are 2 steady states, show graphically how the transitional dynamics for this economy are.
What factors make it difficult to determine the unemployment rate? Why is unemployment an economic problem?
What are the potential drawbacks of hybrid pay for firms that employ sales teams?
Calculating the consumer surplus, producer surplus and total surplus both before a price floor is established and after a price floor is enacted.
When Total Costs (TC) are known, explain how to calculate each of the following: Fixed Costs (FC)-Variable Costs (VC).
Which if of the following describes a spillover (positive externality)?
Explain the price elasticity of beer demand in Australia.
If such mergers are not especially profitable, why do they occur? What antitrust policies would work best in today's U.S. economy? (Radical)
How is efficiency related to the number of firms in an industry characterized by strong economies of scale?
Demonstrate graphically the profit-maximizing positions for a perfect competitor and a monopolist. How do they differ?
Say you place a lump-sum tax (a tax that is treated as a fixed cost) on a monopolist. How will that affect its output and pricing decisions?
How would price competition from these new sources cause a retail store to close? In the long run, what effect will new entrants have on the price of CDs?
Fluid milk is 87 percent water. It can be dried and reconstituted. What is a likely reason that such reconstituted milk is not produced?
As the chapter points out, the Internet has made the U.S. economy more competitive by lowering. To what extent is the Internet itself competitive?
Can labor market discrimination-hiring someone on the basis of race or gender rather than capability- exist in a perfectly competitive industry?
What percentage of an economy's total production do you think is provided by perfectly competitive firms?
If firms don't have such knowledge, how might the theory of perfect competition be changed to better reflect reality? (Post-Keynesian)