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Q. 1. Suggest how an economist would approach the problem of alcohol abuse. Provide two possible solutions to this problem. Include the four elements of the economic way of thinking in your analysis.
2. Analyze how prescription drugs affect the demand and supply of other products and services in this country.
3. Formulate a reason why the elasticity of demand is an important consideration when analyzing the impact of a shift in supply and why the elasticity of supply is an important consideration when analyzing the impact of a shift in demand. Include at least one (1) example in each scenario.
4. Provide two (2) examples of increasing-cost industries in your state and propose why they would have a positively sloped supply curve.
5. Suggest how, under certain conditions, a perfectly competitive market is economically efficient.
6.Use at least three (3) quality resources in this assignment.
A Fenway park, home of the Boston Red Sox, seating is limited to 39.000. Hence, the number of tickets issued is fixed at that figure. Seeing a golden opportunity to raise revenue.
Calculate Marginal Revenue from demand if the marginal propensity to save is 0.05, how large is the multiplier.
A brewery is considering two potential production investments.
When you apply conventional finish to the wood you use traditional lacquers. The California Division of ABC has changed from conventional lacquers.
Subsequently the customer paid the balance on 22 October 2012. To customer the Credit terms offered.
What are some fiscal policy recommendations being recommended by current leadership.
By what percentage do the total assets decline by bank. By what percentage does the bank's capital decline. Illustrate which change is larger.
A major employer in a small town announces upcoming major layoffs of employees. What should we expect to happen to the consumption functions of the affected employees.
The manager of the aerospace division of General Aeronautics has estimated the price it can charge for providing satellite launching services to commercial firms.
Evaluate the role and the effectiveness of the Federal Reserve in stabilizing the current economy.
5 ways to develop strategic business and briefly discuss differentiate, customer-oriented, understand clients need, r-s platform and management, active marketing, etc
On aggregate demand does fiscal policy have a strong impact. Explain the shift of the federal budget from deficit to surplus during the 1990s weaken aggregate demand.
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