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Assignment:
The memo:
You are the Democratic Chair of the U.S. House Education Committee, and Bernie Sanders had just been elected President. One of his first bills is to make public college and university tuition free in the United States, by fully financing tuition for any student attending a public college or university in the United States with a new federal program. You are preparing an opening statement for hearings on the bill. You want to appear even-handed, and hence need to discuss both the pros and cons of the proposal, before stating and explaining your own opinion on the bill. You are somewhat constrained because you represent the same (Democratic) party as President Sanders; but you are not obliged to fully support the details of his proposal.
Your memo will discuss both what economic theory and the evidence says about the question. As much as possible, back up your arguments with data and evidence.
Industry supply and demand are given by QD = 1000 - 2P and QS = 3P. Determine the equilibrium price and quantity?
hd inc. manufactures high definition plasma screen television sets.nbsp they are thinking of manufacturing a new
After the world pulled out of the Great Depression of the 1930s, many forecasters expected a repeat of that decline after World War II.
A monopolist supplies to a market with (inverse) demand given by D(Q) = 100 ? Q. The monopolist has constant marginal cost c = 2. Compute the monopolists profit-maximizing supply choice and the corresponding mark-up over marginal cost.
A firm makes and sells a computer for $1000. The variable cost to produce a computer, for the range of production of the firm, is $300 per unit. The total fixed costs per year to make the computer are $4.0 Million.
The demand and supply functions of two related goods are given by Qd1 = 30 - 8P1 + 4 P2 ,Qs1 = -60 + 6P1 ,Qd2 = 200 + 4 P1 - 4 P2, Qs2 = -40 + 6P2 - What is the relationship between good one and good two?
Find the equation that shows the relationship between motor vehicles and parts expenditure (PCE) and DPI - What are the R squares for the equations? Which one is better
Method in which Herb could use a cost-benefit analysis to argue for or against an expansion
Assume total benefits and total costs are given through B(Y) = 100Y-8Y(squared) and C(Y)=10Y(squared). Determine the maximum level of net benefits?
Radio stations, tornado sirens, light houses, and street lights are all public goods in that all are nonrivalrous and nonexclusionary.
How do increases in interest rates play a role in promoting financial crises - Discuss the factors that lead to financial crises
Suppose that an MBA degree creates no externality because the benefits of an MBA are internalized by the student in the form of higher wages. If there are no government subsidies for MBAs, then which of the following statements is correct
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