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A number of professional associations, such as the American Medical association and the American Bar Association support regulations that make it more costly for their members (for example doctors and lawyers) to practice their services. While some of these regulations may stem from a genuine desire for higher quality medical and legal services, self interest may also play a role. Explain
The head of the accounting department at a major software manufacturer has asked you to put together a pro forma statement of the company's value under several possible growth scenarios and the assumption that the company’s many divisions will remain..
What is the marginal propensity to consume implicit in this data? What is the numberical value of the multipler for this economy? What is the equilibruim level of the real GDP?
Explain how businesses maximize profits in a perfectly competitive market. Comment on the benefits to consumers in such as market.
When a Denver resident purchases a Coors beer (brewed and bottled in the USA), this represents a:
Using the formula for β^1 and β^0, show what will happen to the estimator of the slope and intercept in the SLR model if y is multiplied by the constant k, and at the same time x is multiplied by the constant m.
Suppose you have been tasked with regulating a single monopoly firm that sells 50-pound bags of concrete. The firm has fixed costs of $10 million per year and a variable cost of $3 per bag no matter how many bags are produced. You find out that if yo..
Suppose your elasticity of demand for your parking lot spaces is -0.5and price is $20 per day. If your MC is zero and your capacity at 9am is 96% are you optimizing?
Describe the options at the disposal of the government to finance a fiscal deficit. What are the relative advantages and disadvantages of each option?
Suppose my supervisor tells me to dispose of some regulated toxic substance by dumping it down the drain. In this case part of my problem is that I have been ordered to do something that is potentially injurious to human health and, furthermore, ille..
If the company has 3,500 shares outstanding and the risk-free rate of interest is 8%, calculate the price differential for this company.
Calculate the growth rate between two periods. Calculate labor productivity and the growth rate in labor productivity. What factors, such as international trades, might explain such differences in per capital GDP growth rates? What are some other pot..
Inflation may fall without a significant increase in unemployment if
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