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Are monopolies and oligopolies always bad for society? Provide real world examples of where this may be the case to strengthen your position. Provide at least one example of a case where having a monopoly or oligopoly may actually benefit the society.
q. client 2 is in the express small package industry. limit your recommendation and supporting analysis to 250 words
llustrate what increase in G is necessary to achieve target output in domestic economy. Illustrate what would be increase in G and T needed if government wanted to keep a balanced budget.
Assume the sale of human organs is legalized and a free market develops. Furthermore, assume the market is in equilibrium. Trace through the price and output effects of the following: An increase in the incomes of potential buyers of human kidneys. A..
Using the concept of net present value also opportunity cost, explain when it is rational for an individual to pursue
At the time, there were 180 million automobiles and 250 million people in the United States. Each vehicle was driven about 15,000 miles each year. What is the cost of saving each life?
Why does the assumption of independence of risks matter in the examples of insurance.
When do assumptions made in conjunction with economic theorizing have to be realistic. Can unrealistic assumptions provide useful outcomes.
If the machine could instead be leased for two years for some monthly payment (paid at the beginning of each month), what monthly cost would be equivalent to the original schedule of payments?
It will provide benefits of $4000 at the end of Year 1, $3,500 at the end of Year 2, and $3,500 at the end of Year 3. If the discount rate is 6%, will this project be approved using cost-benefit analysis?
Discuss - Deficit spending paves the road to ruin. Explain how much of the national debt is held by foreigners.
Describe the type of product or service offered by the company. Describe the type of data that will be contained in a relational database managed by the company.
Calculate the price elasticities of demand in each market and discuss these in relation to the prices to be charged in each market.
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