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Question: Most people agree that in advanced countries education should be free through secondary school (high school in the United States), which is normally completed at the age of 17 or 18. This question asks, how should university education be financed? Consider the following options.
a. the government runs publicly-funded universities that offer free tuition and room and board to all students who are enrolled. Private universities are allowed to operate, but they receive no government financial support.
b. the government runs publicly-funded universities that offer subsidized tuition and room and board (which covers about half the cost of instruction plus room and board). The government provides need-based scholarship assistance to students whose families cannot afford to pay the tuition and room and board fees. Private universities are allowed to operate and the government's need-based scholarships are available to students who enroll in these universities.
c. the government provides no financial support to any universities. This is the free-market solution.
Think about the six justifications for government interference in a market economy.
Give a critical evaluation of the way in which this concept has been affected by the theories of Maynard Keynes, Karl Marx, Milton Friedman and political expediency and /or dogma.
a. Is Bridget making the utility-maximizing choice?Whyorwhynot? b. Ifnot,what should she do instead?Why?
Discuss the relevant prices and quantities for the current market situation and identify what you believe is the equilibrium price and quantity.
Determine the net present value (NPV) of both projects. Should the projects be accepted? Explain in detail, including all calculations.
How does a change in the interest rate affect aggregate investment? What if firms prefer to pay for investment spending out of retained earnings?
Assume that the technology of producing widgets is that every company entering the market has the same total cost curve, as follows; TC=1000+5Q+0.1Q^2
The owner of a small pizzeria is deciding whether to increase the radius of delivery by one mile. What considerations must be taken into account if such a decision is to increase profitability
The controversy surrounding breast implants is a good example of scientific uncertainty. Yanked from the market by the Food and Drug Administration in 1991.
Assume Labor is the Variable Input. Capital and Land are the inputs which requires the longest time period before they can be adjusted. Explain the movement of the resources in both SHORT RUN and LONG RUN
You have been asked to evaluate the economic implications of various methods for cooling condenser effluents from a 200-MW steam electric plant.
Discusses changes in demand and supply and summarize - Coffee Demand Shifts Down-Market
Which assets are most profitable? What are capital adequacy rules? What do capital markets provide?
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