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In your view, what is the principal cause of incomeinequality? Why?
Is income inequality as it exists in the United States at presentbeneficial to the market? Why or why not?
Can poverty be eliminated? Why or why not?
Suppose a firm has total cost function given by TC(Q)=10Q+70. What are its marginal costs when producing 10 units of output?
To what extent would increased government involvement with regard to fuel efficiency affect the behavior of manufacturers? To what extent would increased government involvement with regard to safety affect the behavior of manufacturers? Does it seem ..
Find out the equilibrium price, the equilibrium quantity, the output supplied by each firm and the profit of the firm in the short run.
Assume that the equation for demand for bread at a small bakery is Qd = 60 - 10Pb + 3Y If Y is 10 and Pf is $1, solve mathematically for equilibrium Q and Pb.
Small firms can discover the abilities of their workers more quickly than large ones because they can observe the workers more closely at a wide variety of tasks. Does it make sense for people with high abilities to go to small firms
In the coordination failure model, suppose that consumers preferences shift so that they want to consume less leisure and more consumption goods. Determine the effect on aggregate variables in the good equilibrium and the bad equilibrium.
Why might a parent company like McDonalds or Hilton choose to franchise its local outlets rather than own them and staff them with employees In many smaller cities all McDonald's outlets are owned by the same franchisee. Why is (or isn't) this fac..
Marginal Revenue (MR) = $130 Total Cost (TC) = $1,100 + 135Q + 0.6Q2 Marginal Cost (MC) = 135 + 1.2Q As the plant manager, should you recommend to the owners that the plant be shut down for a while? Justify your answer using at leas..
It has been proposed that toll collection on the Massachusetts Turnpike, a key commuter route into Boston from the west, be discontinued. Proponents argue that tolls have long ago paid for the cost of building the road
A newly established Internet Cafe is seeing to expand its operations. What would happen if the predict to open 208 stores each year is wrong?
Suppose the Government decides to subsidize exercise by $2 for every mile (Q) consumers run at a health club that charges by the mile. The current demand for running is Q=12-2p.
The curve that shows quantities of total real output that will be offered for sale at various price levels is called the
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