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Write a six to eight (6-8) page paper modeled as a policy recommendation in which you:
Briefly describe the economic problem you have selected.
Assess the impact the problem poses to society.
Design an economic policy solution to the problem.
Analyze the economic theory used to complete the policy solution and determine the impact on the appropriate stakeholders.
Analyze how the economic policy proposed would impact the market or solve the economic problem.
Use at least five (5) quality academic resources. Note: Wikipedia and other Websites do not qualify as academic resources.
Explain why a customer who select a consumption bundle in which relative price exceeds the marginal rate of substitution can not be at an optimum.
Use supply and demand analysis to describe why equilibrium price of apples will increase and the equilibrium quantity will fall if an excise tax is levied on apples.
This price reduction would also increase sales to 220,000 units during the relevant years. a) Make the decision tree. b) What is the optimal strategy for the monopolist?
Movie theaters charge a variety of admission prices: one for matinees, another for evening showings; one for students, and another for adults, another for golden agers. Children under 12 often are admitted for a zero money price. Why don't theater..
Numerous Americans lack health insurance because they are unable to pay for it. However, the number of people who do not have health insurance is relatively small as compared to the overall population.
a consultant gives you the following equation which represents the demand for new cars as a function of the price of
The opening statement on the website of the Organization of Petroleum Exporting Countries (OPEC) says, “…OPEC’s eleven numbers are all developing countries whose economies are heavily reliant on oil export revenues.They therefore seek stable oil pric..
Suppose that the return on domestic bonds held by foreigners in country i are subsidized at the rate s and that returns on domestic bonds held by residents of country j are taxed at the rate.
give the definitions for marginal rate of substitution mrs and the price ratio. then explain them in your own words
1. show what happens to producer surplus worker surplus and the gains from trade as workers migrate from a low- wage to
After two quarters of increasing levels of product, the CEO of Canadian Fabrication & Design was upset to learn that, during this time of expansion, productivity of the newly hired sheet metal workers declined with each new worker hired.
consider a bertrand oligopoly consisting of four firms that produce an identical product at a marginal cost of 260. the
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