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Any economic advantage/disadvantage of your current household status ie single, roommate, married? Can we really study Marriage as an "economic" preference?
Illustrate with the help of a diagram the effects of a price subsidy of $x for milk. On your diagram show the consumer surplus before and after the price subsidy as well as the deadweight loss resulting from the price subsidy.
Is it true that sometimes directly related variables will graph as an up sloping line and sometimes they will graph as a down sloping line depending on how you
Given these market characteristics, what is the Lerner Index equal to (as a function of quantity)?
You have decided to study the market of fresh-picked cherries. You learn that over the last 10 years, cherry prices have risen, while the quantity of cherries purchased has also risen. This seems puzzling because, according to the simple demand and s..
Why is an increase in number of varieties of a good regarded as a gain from trade. Can you think of economic disadvantages associated with greater product variety.
"The Wrong Side of Globalization" by the Nobel Prize winning economist, Joseph Stiglitz - originally from Gary, Indiana. How does he characterize trade agreements?
In theory socialism is an economic system:
Discuss the debate over the rate of increase in productivity in the economy and the impact that productivity changes have on real GDP and the price level
Suppose a manufacturer is a monopoly. This manufacturer produces a good at MC = 4 and sells it to a retailer. The manufacturer has no fixed costs. The retailer is also a monopoly, and it sells the good bought from the manufacturer to consumers.
Imagine a world with two goods, food (F) and shelter (S), and two factors of production, labor (L) and capital (K). Assume that labor and capital can be employed in either sector of the econ omy (the food sector or the shelter sector) and that these ..
Suppose K = 1,000; L = 200 workers; and M = value of all materials use at 450. Derive the total product or output. Find and interpret the output elasticity (or elasticity’s).
Are there creative works that can be shared or otherwise used by anyone without permission and without the payment of royalties? What is “the public domain”? Why is this significant to musicians, conductors, publishers, and others?
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