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The paper for this course requires you to think of a microeconomic problem that currently exists in your local community. Using that problem, you will form a paper topic that will explore alternative solutions to the problem. I am looking for papers that propose solutions to microeconomic problems, not simply explain what the problem is. For example, maybe you are interested in the environment and you wonder why so much paper is thrown out along Highway 99 in Bakersfield. This inquiry is easily turned into your essential question: What micro economic development can put in place to reduce paper waste in Bakersfield? An appropriate topic would then be: Solutions for Paper Waste in Bakersfield. I would not approve a topic that is worded: Paper Waste in Bakersfield. My rejection would be because I would be concerned that topic would produce a paper that only explains what the problem is, or why it exists, and does not seek solutions for it.
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..
Explain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.
The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
Draw the production possibility curve and a. Define consumer surplus and producer surplus.
The Australian government administers two programs that affect the market for cigarettes
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The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled
Depict the von Neumann-Morgenstern utility index u in a diagram
What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution
Calculate gross national product and net national product
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