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Discuss the correlation between GDP growth and health outcomes. Compare short-term trends vs. long-term trends. Why would this be an example of the fallacy of composition in health economics?
Draw a hypothetical demand and supply curve for cyber cafes - coffee houses with computers hooked up to the Internet with access to daily newspapers (among other things) at each table. Show how demand or supply is affected by the following:
How does policy development affect the rights of the individual? What is the overall effect? Why should we be concerned?
q.a manufacturer of electronic products has just developed a handheld computer. following is the cost schedule for
Maintenance expenses for a bridge on the ohio river are stimated to be $20,000 per year for the first 8 years, followed by two separate $100,000 expenditures in years 12 and 18. the expected life of the bridge is 30 years. If i=6% per year, what is t..
Compute and indicate in diagram the level of domestic consumption, domestic production and imports of commodity Y at free trade price.
Suppose FC acts as a simple monopolist by charging anyone who visits the website the same price. What is the price and quantity that maximizes profits? What are FC's profits? Using the aggregate (total) demand curve that you found in a), draw the gra..
If variability of data in a time series increases overtime
Conclude how fixed and variable costs should be adjusted to maximize profit and identify methods to reduce costs.
Draw a pair of utility curves, one for X and one for Y, and label the positions immediately after the innovation (before any migration) as x for city X and y for city Y. Use arrows along the curves to indicate that migration that follows.
Suppose that the Bureau of Labor Statistics issued statistics about the population and labor as the following:
According to the permanent income hypothesis, how will the paths of borrowing and consumption change in response to: A temporary decrease in income when it occurs.
Consider a free market with demand equal to Q = 60-4P and supply equal to Q=2P. What is the value of consumer surplus? What is the value of producer surplus?
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