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Considering that poverty rates for some groups have gone down over the last 40 years, and have remained stable for everybody else, yet the overall poverty rate is still about 15%. Discuss whether you think we can ever get the poverty rate below 10%? Why or why not?
Each of the players chooses an (integer) amount between $180 and $300. Both players receive the lower amount. Five dollars are transferred from the player who chose the larger amount to the player who chose the smaller one. Which strategies survive r..
Elucidate how closely do real world conditions match the charateristics listed in the model. Do they compete using price. Is the good in question standardized.
Specific areas of health care that you think may be worse off than others. Special population, communities or geographic areas that may be worse off compared to others. What about the uninsured and the under insured, do you think that they deserve wh..
After a wage increase, the SE on leisure is -5 and the IE on leisure is 3. Find the TE on labor due to wage increase (if there is enough information provided to determine the answer).
Toby is indifferent between the bundles (9, 3) and (5, 5). When Toby is at (9, 3), he would be willing to give up one unit of y if he were to receive two units of x. If Toby is at (5, 5), he would be willing to give up four units of x if he were to r..
List the different types of market structures that big data benefits the least and benefits the most. While data collection may benefit the business community, discuss the potential concerns for consumers that arise with the proliferation of big data
Graph Daniel’s budget constraint with potato chips on the vertical axis. Also write down the corresponding budget constraint equation. Then suppose that Daniel’s income increases to $60, what’s the change of Daniel’s budget line? Shortly after the in..
Merchandising What is the difference between a service and a merchandising business? Provide an example of each. What are three new types of merchandising accounts?
Firms A and B make up a cartel that monopolizes the market for a scarce natural resource. The firms’ marginal costs are MCa = 6+2Qa and MCb = 18+Qb respectively. The firms seek to maximize the cartel’s total profit. The firms have decided to limit th..
Explain, in plain words, illustrate what the R-square in this regression indicates.
If a hard freeze eliminates premium coffee crop, illustrate what will take place to the price of premium coffee.
Suppose that a calculator company operates in a perfectly competitive marketplace producing 5,000 Calculators every day.
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