Reference no: EM13126715
1. Suggest how an economist would approach the problem of alcohol abuse. Provide two (2) possible solutions to this problem. Include the four (4) 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.
Analyze the dynamics of supply and demand to anticipate market equilibrium.
Analyze the elasticity of demand and supply and its importance, and the effect of taxes or other public policies.
Describe the impact of various forms of competition on business operations with emphasis on perfect competition.
Use technology and information resources to research issues in principles of economics.
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Calculate the composition (in %) of the three compounds
: A solution composed of 50% ethanol (EtOH), 10% methanol (MeOH), and 40% water (H2O) is fed at the rate of 100 kg/hr into a separator that produces one stream
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Restriction for bond repayments
: Turquoise and Topaz Sisters had retained earnings of $15,000 on the balance sheet but disclosed in the footnotes that $2,000 of retained earnings was restricted for plant expansion and $1,000 was restricted for bond repayments.
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How much can harry contribute to his roth ira
: Harriet and Harry Combs (both 37 years old) are married and both want to contribute to a Roth IRA. In 2012, their AGI is $50,000. Harriet earned $46,000 and Harry earned $4,000. (Leave no cells blank - be certain to enter "0" wherever required. Om..
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Compute equilibrium partial pressure
: Given total pressure and equilibrium constant, calculate equilibrium partial pressure, The heterogeneous equilibrium process
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Analyze the dynamics of supply and demand
: Analyze the dynamics of supply and demand to anticipate market equilibrium and analyze the elasticity of demand and supply and its importance, and the effect of taxes or other public policies.
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What is the total variation in point
: A regression line for a certain set of data is found to be y = 14 + 9x. The mean of y , or y bar, is 27. A particular data point is (2,40). What is the total variation in this point?
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Information about velocity
: If an object is propelled upward from a height of 96 feet at an initial velocity of 80 feet per sec, then its height after t seconds is given by the equation h=-16t2+80t+96 where h is in feet. after how many seconds will the object reach a height ..
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Determine the mole fraction of potassium bromide
: An aqueous solution is 36.0 % by mass potassium bromide, KBr, and has a density of 1.33 g/mL. determine the mole fraction of potassium bromide in the solution?
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Find probability that man will spend at most an hour
: The amounts were normally distributed with a standard deviation of 10 and 12 for men and women, what is the probability that man will spend at most an hour?
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