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Business Economics Assignment 1
1. The simple case of a fixed per-unit tax is indicative of more complicated ones. Consider a proportional sales tax and a progressive sales tax. How do the tax revenues, and quantities produced compare in these various cases? 2. Explain how value can be created simply by exchange even when nothing new is produced? [This is true for a monetary and for a barter economy]. 3. Explain how competitive privately issued currencies would work automatically to provide consumers with protection against inflation? 4. Would interest exist in a pure exchange economy where no production occurred? Explain. 5. Briefly contrast the static and dynamic views of monopoly and the policies appropriate for each.
Go to the Bureau of Economic Analysis on the Department of Commerce's Web site, and look up the latest new release for real GDP. Where are we in the business cycle What is the real GDP today What is the nominal GDP todayWhat is the difference between..
Fall proportionately more than the change in GDP, Fall proportionately less than the change in GDP, Rise proportionately more than the change in GDP
Second Degree Price Discrimination
Describe a model of economic growth with spillover effects
What is the source of these profits? Upon patent expiration, numerous rival drug companies offer generic versions of the drug to consumers.
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problem 1if the optimal number of facilities that minimizes the total logistical cost for a certain supply chain is
Examine the graph of marginal benefits and costs of abatement below. Suppose regulators expect these curves to be as shown but are uncertain as to whether or not the marginal costs of abatement curve will be higher or lower than depicted
For each of the following utility functions, draw the three indierence curves that correspond to the three stated utility levels, labeling each curve with the corresponding utility level. Label any intercepts or inks in the line to fully identify ..
some oakland california residents are sick and tired of tripping over burger wrappers and soda cans and the city is
find a newspaper or magazine article that highlights when the political process works poorly not too hard. write a
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