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Suppose that for health reasons, the government of the nation of Ironia wants to increase the amount of broccoli citizens consume. Which of the following policies could be used to achieve the goal?
When the minimum wage is set above the equilibrium market wage,
q.paul owns a home on the top of a hill and enjoys an unobstructed view of a large wooded area. the view was a large
If we assume that the required reserve ratio is 10%, please provide a detailed write-up of what actions could (should) the bank manager take if there is an unexpected deposit outflow of $50 million?
Suppose that the government and the Federal Reserve have conflicting goals. The government wants to encourage economic growth by. But the Federal Reserve wants to decrease inflation by.
Adam Sandler has a utility function U(C, L) = C1/3L1/2. The wages now available to him are $9/hr. Non-wage income in royalties are $6 a day. Find the MRS for Leisure to Consumption to find the optimal ratio of Leisure to Consumption. Write out and dr..
Describe when you have experienced diminishing marginal utility. Also discuss opportunity costs you have had to pay in order to attend school
A firm plans to produce 1,000 units per day of good X. The firm’s production engineer finds two technically efficient processes (i.e., input combinations of labor and capital) to produce 1,000 units per day: If the firm must pay $200 per day for a un..
In Komino City, the taxi industry is regulated by the Government Taxi Authority. A company can only supply taxi services, in Komino City, if it is issued a licence by the Government Taxi Authority. Suppose that the Government Taxi Authority issues on..
"A high level of public spending crowds out the level of private domestic investment. Therefore, if the government cuts its expenditures and free resources for private investment, it can ultimately increase income per capita" Comment on the statement
Consider a perfectly competitive firm with the short-run cost function, C(q) = 500 + 40q + 10q2. At the market equilibrium price P* = 80, what is the profit at its optimal quantity supplied?
Give two examples of possible net surpluses that three voters get from two possible political alternatives A and B. Construct your first example so that the alternative that wins a majority vote generates the maximum total net surplus. Make your seco..
The Green City Hospital treated 100 patients in May with 20 nursing hour inputs, and it treated 120 patients in June with 22 nursing hour inputs. What is the total product for each month? What is the marginal product?
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