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Question: Science has provided us with the knowledge to understand how the natural world works. Using your understanding of the various spheres we have studied in this course focus on one sphere and discuss how humans have affected their environment. How can we change our relationship with the natural world? Is it enough to leave the solution for technology? Be imaginative and provide possible solutions.
Discuss the primary goals of expansionary and contractionary fiscal policies and their effects on unemployment rates, inflation rates, interest rates,
How would you compare and/or contrast the two stories in their responses to nature? Their portrayal of women? Their moral concerns?
Snack food venders and beer distributors earn some monopoly profits in their local markets but see them slowly erode from various new substitutes.
Suppose that there are freezing temperatures in Florida. At the same time the press reports that drinking orange juice significantly reduces the risk of stomach cancer. Predict the effect on equilibrium price and quantity.
How should a monopoly choose its quantity of production to maximize profits? Explain why producing either less or more than the level of output at which
Consider a firm with a production function F(l, k) = l^{\frac{3}{4}} k^{\frac{1}{4}} , who faces input prices w = 2 and v = 54. Find the long run cost total cost when q=540. Find the short run cost total cost when q=540 and k is fixed at 16. Find the..
Below are three parcels of real property A, B and C. B wants to have a built-in swimming pool installed in his backyard. In order to run the water line directly from the main in the street to the site, the line must run over his neighbor’s property. ..
In the country of Economica, the total labor force consists of 15,000 workers. 750 of these workers are unemployed, and thus the current unemployment rate is 5.0%.
The annual demand for liquor in a certain state is given by the following equation Qd= 500,000 - 20,000P, where P is the price per gallon and Qd is quantity of gallons demanded per year. The supply of liquor is given by the equation Qs= 30,000P. Calc..
A presidential candidate has decided to enter primaries in those states in which at least 20% of voters support her. Random samples of 200 voters were taken in each of a number of states. In New Hampshire, 33 voters supported the candidate. Test at a..
What should happen to the equilibrium price, interest rate and quantity of bonds if the economy starts to improve after the events in question 7? Use the simple single bond market we developed in class to answer this question. It should be obvious th..
A firm's short-run average cost function is, ATC(q) = 1000/q + 75,000 + q. Where q is output and ATC is average total cost.
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