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What are the benefits and drawbacks of having a health program that varies by state versus having one that is uniform across the country?
Do you find that the positives of state flexibility outweigh the negative or vice versa?
Is it fair that similarly situated individuals may be treated differently in different states?
Does this occur in other aspects of society?
The firm manufactures a global positioning system (GPS) that sells for $2,000, with cost of goods sold (hardware 30% and software 70%) of 55% of sales. Compared to the United States, China offers a 7% cost reduction in electronics manufacturing hardw..
Certain environmental laws prohibit EPA from considering the costs of meeting various standards when the levels of the standards are set. Is this a good example of “putting first things first” or simply an unjustifiable waste of resources? Why?
Illustrate what happens when a per unit subsidy is replaced with a revenue equivalent lumpsum subsidy.
what right have we to burden our children and grandchildren with these debts while we live high on the hog. Discuss this
Despite ongoing debates about the appropriateness of macroeconomic policies, many macroeconomists have reached a modern consensus on several important issues.
Suppose that in the short run k=100. Moreover, wage of labor is w=5 and price of the product is p=10. What are the optimal units of labor?
Show what happens to one or both curves for the given scenarios. If the scenario does not change either curve, leave them in their original positions.
Consider a free market with demand equal to Q= 1000 – P and supply equal to Q = 20P. What is the equilibrium price and quantity?
If the dollar is devalued against gold and the pegged rate is changed to $40 per ounce, illustrate what does this imply for the exchange value of the pound. Explain your answer.
Assume that a purely competitive firm is selling 2000 television sets a day at a cost of $90,000. Assume that if the firm sells 1600 units per day, its total cost would be be $60,000, and if it sold 1000 units perday, it would have a total cost of $5..
Suppose Atlas Publishing, a perfectly competitive firm, currently produces 2,000 maps per day at a total cost of $1,600. At its current level of output, Atlas is producing where the marginal revenue curve intersects a rising marginal-cost curve. Whic..
What is the present worth of this alternative? What is the annual cost of this alternative? What would its present worth be if its life was shortened to 25 years in order to compare it to another alternative of that length?
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