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Question: 1. Do you think that the change in fuel consumption can be attributed to the carbon tax?What other things do you think played a part in the change?
2. What are some good that are regulated by the free market? what would happen if those goods had a set minimum price?
3. Think of some examples where the government subsidizes good or services.
4. Compare the PPP of Canada and two other nations.
5. What are the dual influences which affect how much someone cheats?
6. What does leaving a restaurant without vs illegal download example say about people's cheating behavior?
Calculate Max's marginal utility from windsurfing at each number of hours per day. Does Max's marginal utility from windsurfing obey the principle.
government action is based on majority rule, whereas market action is based on mutual consent. The market allows for proportional representation of minorities, but minorities must yield to the views of the majority when activities are undertaken t..
demand for a good can be characterized by p 100 - q. there are two firms firm 1 and firm 2. they have identical cost
In an increase in income would result in the budget line - As long as the marginal utility per dollar spent on pizza is greater than the marginal utility per dollar spent on soda, then to maximize utility a consumer will buy
If oligopolists engage in collusion and successfully form a cartel, the market outcome is the same as if it were served by competitive firms.
Response insufficiently answers the Assignment question(s); insufficiently uses the text and other literature.Response exhibits simplistic or reductive thinking and analysis and demonstrates limited knowledge on the subject matter.
What is MUX, MUY in terms of λ? What is MRSYX? What is the optimal condition and optimal consumption. State the dual of this consumer optimization problem
what is the cpi consumer price index and what significance does it hold in regards to goods and services? please
When a government puts a tax on an imported good that effectively stops all imports of that good, it is
Public regulation of a market is utilized when which of the following is present:
Describe both free and restricted trade. What do you feel are the benefits and the cost to having free trade? What are the benefits and cost to having restricted trade?
Your company operates in a perfectly competitive market. You have been told that advertising can help you increase your sales in the short run.
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