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In this research and analysis assignment (paper), you will use various microeconomic theories to analyze the effect of government regulations in a new market.
In 2012, both Colorado and Washington citizens passed ballot measures allowing the production, sale and use of marijuana for recreational purposes. In both cases, the ballot measure authorized the legislatures to develop regulatory regimes, and to impose taxes to pay for the regulation. (Note: in Colorado, those taxes had to be approved by a vote of the people, and they were, in 2013.)
Use the microeconomic theory we have been studying to analyze the legal and illegal markets for marijuana in Colorado or Washington, specifically with regard to the following issues:
Your paper should be three to four pages, and should include references and citations formatted according to APA style.
Suppose you are a manager of a factory and purchased five new machines at one million dollars each. You can sell two of the machines for $500,000 each and three of them at only $200,000 each. What is your sunk cost?
In what year did the euro reach its highest value? During the financial crisis of 2007-2009, did the yen appreciate or depreciate against the dollar? Briefly explain.
Mr. Sea Food is considering a price reduction on the lobster soup, which currently sells for the price of $5.00. Mr. Smith, the proprietor, knows the price elasticity for this soup is roughly equal to 2.3 over the range being considered for the pr..
Give a numerical example to show that a monopolist's marinal revenue can be upward-slping over prt of its range
Compare and contrast the two industries you have identified in terms of size, products, services, customers, economic and regulatory environment.
The figure shows the competitive market for cellphones. Shade in the consumer surplus and label it.
provide an intuitive explanation of the principal-agent problem and discuss any mechanisms used to mitigate the
2)BASIC STOCK ANALYSIS a) For each stock calculate the historical average return, the volatility, both on a daily base and annualized, and the correlation amongst the four stocks. Explain how you calculate them. b) What is your first assessmen..
for livia coffee and tea are perfect substitutes one cup of coffee is equivalent toone cup of tea. suppose livia has 90
Consider incorporating the supply-and-demand model to demonstrate the elasticity of demand for gas and to show the effects of tax on the market for gas
In the United States, what is the opportunity cost of producing an additional shirt (measured in terms of foregone computers)? In China, what is the opportunity cost of producing an additional shirt (measured again in terms of foregone computers
dentify what FIDO stands for and how 3M puts FIDO into practice. Assess whether FIDO’s approach could work for other companies or if it is unique to 3M and the products they produce. Write three pages on whether 3M’s specific practice of hiring local..
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