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Your paragraph should discuss whether income distribution in 2011 is equitable or not. Support your assertion with at least two reasons why you believe your assertion is an acceptable way to look at the question. In your post, consider how our personal goals of earning as much income as possible get's balanced against a concept of some minimum standard of living for all in society.
The so-called theory of general equilibrium (including the many variants) is a cornerstone of economic theory, occupying economists' minds since (at least) the 1800s
Suppose that Bill cares only about chai and bagels. Her utility function is U=CB, where C is the number of cups of chai she drinks in a day, and B is the number of bagels she eats in a day. Draw Bills in difference MAP. Set up Bills optimization prob..
What do temporary changes in the tax code do for incentives? Does this encourage long term planning? Should the government encourage long term planning? Should the Government use tax policy to change behavior?
Demand-pull inflation occurs when:
What is globalization (please define it both as a process and outcome)? What factors can you identify in explaining why globalization occurred? How do you assess its impact upon both rich countries and poor ones, in particular, the issue of inequalit..
The value of cross price elasticity of demand between goods A and B is 0.75, while the cross price elasticity of demand between goods A and C is -1.38. Characterize A & B and A & C as substitutes or complements. Explain why this is the case.
Monopoly, monopolistic competition, pure competition, oligopoly. Give examples of these things also how do they impact markets, firms and you, as a consumer and/or as a business person.
the total quantity of monthly account across all internet providers increases from 90,000 to 190,000. What is the value price elasticity of demand? Is the demand elastic or inelastic?
Describe the demand and marginal revenue curves faced by a firm in a purely competitive market. Are they different from those faced by a firm in oligopolistic competition? If so, why?
What is the purpose of the term sheet and why is it important? Be sure to write a detailed long essay to this question. Think about who the term sheet is written for, why it is written, and what does it need to convey.
The wall street journal reported that Japan’s No 4 automaker-Mitsubishi Motors- announced a major restructuring plan in an attempt to reverse its 6 percent declining global sales,. Determine the rate at which Mitsubishi can rent capital and the margi..
This month your vendor invoiced $50,000 in testing charges for your production run. The unit cost for testing is twice as much for each of the first 500 units per month as compared to each unit over 500. If 750 units were shipped to the vendor this m..
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