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Describe intellectual property rights. What agreements have been reached regarding their protection? What are the benefits and the costs of protecting intellectual property rights?
Which of the following is an assumption of neoclassical economics?
Consider a monopolist who cannot price discriminate. she has total cost function C(q)=q^2 an faces inverse demand function p=a-q where a is a positive parameter
A government hires you to consult to help them decide on a new system of taxation. What criteria do you use when helping them decide what system to use? What criteria is the federal government best at meeting today? The worst?
Cost minimization for a given level of production is equivalent or identical the concept of product maximization for a given cost level. True of False. Explain. Please offer examples and the use of graphs where necessary, and state any assumption(s) ..
Historically, the focus of civil rights policy has been on which of the following groups?
Discuss ways to optimize the public good you researched while addressing issues of special interest and possible rational ignorance at the same time.
Andy’s decision to increase his purchase of a particular good by 150 units from its previous level of 50 units was brought about by the fact that another good was on sale at 50% off the initial price. Explain, with correct numerical calculations, whe..
You can suppose any single peaked preference which you want and Characterize the equilibria of the model.
During 2009, the demand for LCD televisions appeared to be falling. At the same time, some industry observers expected that several smaller television manufacturers might exit the market. Use a demand-and-supply graph to analyze the effects of these ..
What fiscal policy recommendations would you give considering the state of the economy today and in the future, the deficit, and the debt. Is your recommendation pro-cyclical or counter-cyclical? Explain your policy choices that you are making.
the top ten percentile cutoff was 95 points. a. What is the standard deviation for the class? b. What percentile did you score in?
Demand for a softback managerial economics text is given by Q=20,000-300P. The book is initially priced at $30. Compute the point price elasticity of demand at P= $30. If the objective is to increase total revenue, should the price be increased or de..
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