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Listen to the Planet Money podcast: "Can Economics Save the African Rhino?" Then read the text under the picture. https://www.npr.org/blogs/money/2013/05/15/184135826/can-economics-save-the-african-rhino
What economic concepts do you see in action?
Analyze the costs and benefits of the three policy proposals (two discussed in podcast, third explained in the text). Think of who the different stakeholders are and what they might perceive the costs and benefits to be.
If you were the decision maker, which policy would you choose and why?
Sid is the CEO of a local power plant operating in monopoly market structure. Explain why the demand curve (P) here is larger than the MR, and why Sid won’t produce on the inelastic portion of demand curve.
The demand for the product of a business is given by q = 50 - 2p. If the price of the product is p = 10 dollars, the revenue is
q.in this problem we consider the differences between the competitive monopoly and cournot equilibria under the same
Pick one company and analyze that company. Identify one concept from all of the following 1. Basic economic relations 2.Statistical analysis (history/competition)
Assume the economy has a GDP of $11,500 billion. The unemployment rate is at 7.3% and has been slowly rising for the last 6 months. Inflation was at 2.3% one year ago but has since dropped to near 0%. The MPC in the economy is .75 and the natural rat..
Congress is proposing a bill that will roll back gasoline prices to four dollars a gallon. Analyze the consequences of such a bill and whether or not you would personally favor it. Consider all the costs involved in your analysis.
Assume that M1 is currently $2,700 and M2 is $11,000. Determine the new levels for M1 and M2 and whether the new values represent an increase decrease or unchanged totals for M1 and M2 based on each of the following INDEPENDENT scenario: In other wor..
If an increase in the price of accordions does not change total revenue from accordion sales, what can we infer about the price elasticity of demand for accordions?
An easy on "under what conditions would a nation be able to currently produce more of both consumer and capital goods? At least 150 words excluding "a", "an" and "the"
How might the economists or legislators come to the conclusion that there is no unemployment problem? What data or evidence would seem to support this position?
Political Instability Abroad Suppose that political instability in other countries makes people fear for the value of their assets in these countries so that they desire to purchase more U.S assets. Refer to Political Instability Abroad. What would t..
Economic Projections you have just been appointed the new Economic Advisor to the U.S. Government and have been asked to develop an economic series of projections for the U.S. domestic economy for the next year. Outline your new forecast based on cur..
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