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Did the end of slavery end racism or bring true equality? Explain.
In 2009, it was estimated that the total value of all corn production subsidies in the United States totaled about $4 billion. The population of the United States was approximately 300 million people that year. On average, how much did corn subsidies..
Four Seasons Hair Salon is the only women's hair stylist in Lake View. A business consultant has estimated its monthly cost functions as follows: TC = 2000 + 80 Q + 0.05 Q 2 MC = 80 + 0.1 Q The firm is faced with the following demand: Qd = 800 - 4 P...
Consider an economy where there are 100 unemployed persons and 900 employed persons. The job finding rate (f) of the economy is 0.3 and job separation rate of the economy (s) is 0.02. What is the average spell of employment? What is the average spell..
A 3000 square foot house is listed for $500,000, is this price normal for real estate values in the country?
From the first e-Activity, discuss two (2) recommendations the authors make regarding the applicability of performance budgeting to the current United States government. Assume you have been appointed as the new administrator for a federal agency. Pr..
A piece of equipment that was purchased for $25,000 five years ago has a current book value of $6,000. This equipment can currently be sold for $ 5,000. The salvage value at the end of the study period of 5 years is expected to be $5,000. If the befo..
What is Quantitative easing, and how was it affecting us? Please site info
Assume that only one health condition ever afflicts people for which one treatment is available, costing $100,000. The condition is very bad, so all consumers would be willing to pay for the treatment even if they did not have insurance. Consumers al..
Determine what are some of the philosophies that influenced Latin America? In what way did they impact the cultures of Latin America?
You are the manager of a monopoly firm with (inverse) demand given by P = 50 − 0.5Q. Your firm's cost function is C = 40 + 5Q2. Your firm's marginal revenue is:
The demand for diamonds is given by PZ = 680 - 2QZ where QZ is the number of diamonds demanded if the price is PZ per diamond. The total cost (TCZ) of the De Beers Company (a monopolist) is given by TCZ = 100 + 50QZ + 0.5Q2Z. What is social welfare w..
Assume the market for cough syrup is in equilibrium. Now, suppose the government imposes a price ceiling that is above the original equilibrium price. Illustrate what are the economic effects of the price ceiling?
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