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Movie theaters, airlines, and other businesses like to charge customers different prices based on time of the day, age, and purchase dates. Why? Provide an example of a price discrimination for a good or service that you thought it to unfair. Do you still believe that the discrimination is unjustifiable?
Explain the structure of the federal judicial system. What are the responsibilities of each part of the system? Need the response to be at least 200 words
FedEx can purchase a large-volume copier for $18,000 and depreciates it by straight-line depreciation. FedEx has a 35% combined incremental tax rate. If FedEx requires a real 9% after-tax rate of return on its investments, should the firm purchase th..
Show how the lottery winning affect your budget line. After winning the lottery you continue to work the same amount of hours every day. What is the income effect of the lottery gain? Now your employer increases your hourly wage. Using the income eff..
Most large firms have personnel departments responsible for setting specific rates of pay for each job. In performing this function, how much discretion does the personnel department have in terms of the rates it sets? To what extent do outside marke..
Suppose there are two goods available for consumption, good 1 and good 2, and the government has imposed rationing on the consumption of good 2, so that no more than x2 can be consumed by a given consumer. Draw the budget set of a consumer who has in..
What is the marginal rate of substitution for consumer A at the competitive equilibrium?
One of the goals of this course is to understand international relations in terms of global politics. In other words, there are multiple actors beyond state actors that work across borders. In addition, the borders of states do not limit many of toda..
The following questions refer to a capital budgeting problem with six projects represented by binary variables a, b, c, d, e, and f. Write a constraint modeling a situation in which two of the projects 1, 3, 5, and 6 must be undertaken. Write a const..
The utility function of a consumer is given by U = log(b) + log(c) where b and c are the consumption levels of barley and corn. Assume that the price for both goods is $1 and that the consumer has an income of $100. Assume that the government introdu..
What is a corporate merger? What is an acquisition? What is the goal of antitrust policies?
Niki owns Solar Corporation. Niki uses Solar’s funds to pay her personal expenses, creates Pure Green Corporation to engage in the same business as Solar, transfers Solar’s assets to Pure Green, and petitions Solar into bankruptcy. These most likely ..
Provide an example of a good and a negative externality associated with it. Explain the possible ways that negative externalities can be controlled. Describe what happens in the market if a tax is imposed on the output of the good (not the externalit..
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