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when they determining an appropriate congestion tax Economist would use which of the following elements of economic way of thinking? thinking at the margin be isolating variables she making assumptions or D All the Above
A company bought a piece of equipment for $250,000. The equipment has a useful life of 10 years. The company is using the seven-year MACRS property class to depreciate the asset for tax purposes. At the end of year 4, the company sold the equipment f..
List one way that a market-based health insurance system fails to limit costs. Then, discuss how either the Affordable Care Act or a single-payer system would correct that failure.
Snacks/beverages versus newspaper sales techniques and expand your discussion to include the benefits that a person gets from consuming other goods and services. Apply the marginal utility and diminishing marginal utility analysis concepts when posti..
A firm uses two inputs, X and Y and its production function is Q =root(xy), where here we are using x and y to represent the quantities of the two inputs. Calculate the first-order condition for the firm’s problem. What are the boundary points of thi..
Suppose that the labor market is competitive and there are a total of 1,000 black workers and 1,000 white workers (who each supply their labor in elastically). Both black and white workers are equally productive, having constant individual dollar pro..
The companys marketplace department estimated a linear demand function for Border's picante sauce:
Succinctly explain the concepts of Structure (Structure), Culture, Agency and Social Action, and the relationship between these concepts in developing a historical view of the process of cumulative causation.
GDP in an economy is $3205 billion. Consumer expenditures are $2417 billion, government purchases are $543 billion, and gross investment is $303 billion. Net exports are:
Healthy Supplies, an investor-owned healthcare supply chain, just paid a dividend (D0) of $4.57 per share. The current price of the stock (P0) is $43 per share. The firm’s required rate of return is 12%. What is the stock’s constant growth rate? How ..
As people spend more and more time online, Click-to-Accept agreements have become increasingly common. Do people really read these types of agreements? Is it fair to hold consumers to these terms? Find an example of a case where a court did not enfor..
A risk neutral principal hires a risk neutral agent to work on a project. The project can either yield high output h or low output l. The probability of h depends on the agent’s unobservable effort e. With probability 1 − e the output is low.
A university schedules summer school courses based on enrollment. The cost for faculty compensation, laboratories, student services, and allocated overhead for a computer class is $8500. If students pay $420 to enroll in the course, how large would e..
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