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What are three things that could make your demand curve more inelastic?
What is your individual role to overcome negative externalities, free rider problems, etc. and what is the role for government in correcting for market failure?
Suppose that the government has been supporting the price of corn. It’s free market price is $2.50 per bushel, but the government has been setting a support price of $3.50 per bushel. Which of the following are ways that the government might try to r..
Eric tries to eat more healthfully by eliminating cookies, donuts, and similar snacks from his diet. Every day at work, however, co-workers bring in these treats and Eric succumbs to temptation. Which of the following concepts would behavioral econom..
Which of the following would NOT cause a shift in demand for Coca-Cola:
Give merits and demerits of all three extension teaching methods. In your opinion which method is the best one?
The state if Arizona decided to boost its own minimum wage rate by $1.60/hr. This pushed the wage rate earned by Arizona teenagers above the equilibrium wage rate in the teen labor market.
You have an opportunity to invest in a business venture. It requires a $250,000 investment on January 1st. You will receive $70,000 in After-Tax Cash Flows per year on December 31st for 3 years. At the end of 3 years, the project will be terminated, ..
Examine the residuals of your estimated equation to determine whether any of your years might be considered an outlier in the regression.
We define real exchange rate as the relative price of domestic goods to foreign goods in domestic currency and we define nominal exchange rate as the amount of domestic currency necessary to exchange for 1 unit of forein currency. When real exchange ..
You own a building that has possible uses: an Iternet cage, a coffee shop, an ice cream store, and a bookstore. The value of the building in each use is $2,000; $3,000; $4,000; and $5,000, respectively. You decide to open an ice cream store. The oppo..
Suppose $2000 is invested at 8% Compounded quarterly for 5 years. How much is accumulated? Determine what rate of interest must be paid so that money will double in 7 years under Continuous compounding.
Find the maximum level of seignorage that can be financed under the assumption that x
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