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Q1. Explain a voting pattern using the actual votes taken by at least 15 legislators in the U.S. Congress, a State Legislature, a City Council, or a County Commission on a contested issue one in which each side gets at least 20 percent of the total votes. Make sure that there often is more disagreement over the amendments to a bill than over the final bill. Avoid straight party-line votes.
Q2. A factory produces widgets. It currently produces 10,000 widgets per day, which it can sell for a total profit of $25,000 per day. The factory's operation creates smoke that affects nearby homeowners, causing respiratory ailments and similar problems. At the current level of operation, the damage is $10,000 per day. The efficient level of operations is 8,000 widgets per day. At this level, the factory would generate profits of $20,000 per day, but the damage to nearby homeowners would be reduced to $2,500 per day. If the factory were shut down, it would generate zero profits, but the damage to nearby homeowners would also be reduced to zero.
Why do monopolistic competitors have a tendency to advertise much more than perfectly competitive firms?
Solve for the equilibrium interest rate. Solve for equilibrium value of consumption and investment.
When Betsy goes to make her list for tomorrow she is upset that she didn't get everything done. In a well-written paragraph explain the economics behind her inability.
What other economic factors are affected when taxes are raised or lowered, and how are they affected. Should the government increase tax rates on everyone as a way to equalize incomes and wealth.
The quantity demanded of the resource in each year is given by the equation Qt = 10 - Pt . The marginal cost of extraction is zero.
Calculate gross national product and net national product
Firms raise capital from investors by issuing shares in the primary markets
Find the equilibrium price and quantity algebraically. If tourists decide they do not really like T-shirts that much, which of the following might be the new demand curve.
Susie's boss offers her $100 to come to work instead. In considering what to do, which of the above would be considered a sunk cost.
To build trust among virtual team members, managers should Deep-six the egos
Board of directors has directed you to choose an output level that maximizes the firm's profit. You have an incentive to maximize profits because your job and salary depend on the profit performance of this company.
You read in a business magazine that computer firms are reaping high profits. Assume that the computer market is perfectly competitive.
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