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1. Los Angeles is committed to raising $1 billion for a new stadium. It is considering a $1 surtax on all cab rides because most cab rides are by non-residents. Use supply and demand to evaluate the wisdom of such a tax. 2. Tokyo has won the right to host the 2020 Summer Olympics, but it might have made itself worse off by doing so. Use the appropriate model to explain why this is so. 3. A recent economic study found that the difference in prize money between the winners of downhill ski races and second-place finishers is much less than the difference in professional golf tournaments. Use an appropriate model to explain why this is the case.
Determine the long-run marginal cost function for electricity generation and determine the short-run average variable cost and marginal cost at the output level in Part (d)
the following events occur simultaneouslyi the price of beef rises beef and leather both come from cows.ii the price of
1. suppose there are two consumers a and b.the utility functions of each consumer are given byuaxy xyubxy
Assume that the demand curve is given by the following: p=100 and the supply curve is given by Q=p-25. If the government puts in place a tax of 10 that must be paid by the buyer the deadweight loss that results is equal to:
analyze and outline the three most likely reasons for growing food insecurity in the united states. do you think food
Agricultural scientists are working on developing an improved variety of Roma tomatoes. Marketing research indicates that customers are likely to bypass Romas that weigh less than 70 grams.
Describe why some firms might suffer diseconomies of scale. Do you know any examples? Could GM be an example of diseconomies of scale?
suppose a firm has the production technology shown below for goods 1 and goods 2 and respond to the following with an
karl marx argued that all value in goods and services commodities came from the expenditure of labor in production.nbsp
over the past 12 months the four winds novelty company firm has recorded its internet sales equals monthly output
advanced analysis given the following diagrams q1 12 bags. q2 7 bags. q3 19 bags. the market equilibrium price point
collect data on sales from any retail store of choosing for the last 10 months or 10 years. Predict the sale for the 11th month or 11th yr using a 3-month moving average and a 4-month moving average. Calculate the MAD for the 3-month or 3yr and 4m..
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