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Discuss the freedom of speech section of the First Amendment to the US constitution and its protection and permitted regulation, of the commercial and political speech engaged in by busniness, including justification for such regulations
If the on-campus demand for soda is as follows: what price will students end up paying in a perfect competitive market? a monopolized market?
suppose that a new law requires every firm to provide its workers with free parking spaces. these spaces are worth 200
demand for labor in China will drive up costs per worker there to $5 per hour. How does this alter the isocost and isoquant graph? d.Given these forecasts, where should you expand production?
A consumer has $120 and faces prices px =$5 and py=$10. Draw its budget set. Suppose its income were to fall to $60. Draw the new budget set. Assume income is again $120, but the prices double to $10 and $20, respectively. Draw the new budget set and..
Explain how does the subsidy affect consumer surplus, producer surplus, tax revenue, and total surplus. Does a subsidy lead to a deadweight loss. Explain
Suppose that the government imposed a $1 tax each time someone used an ATM. How would this tax affect output and the price level in the short and long run?
A county with 1M (M for million) population, 2% unemployment, and no in ation, voted to build a stadium and rent it to a professional baseball team. The team owner, who was not a county resident, was to pay $1M per year rent for use of the stadium an..
Draw the pre-intervention optimized supply and demand equilibrium. Explain and show what effect it has on the polis.
Define absolute and comparative advantage in your own words. Elucidate how absolute and comparative advantages were used in your simulation.
Suppose a young couple with an 8-year old son attempt to save for their son’s college expenses in advance. Assuming that he enters college 10 years from the present, they estimate that an amount of $12,000 per year in terms of today’s dollars will be..
If you were the angel investor, what is your certainty equivalent for these two projects? Are you risk-averse, risk-neutral, or risk-lover?
EXplain what is the short-run condition for the monopolist and what output changes would you recommend.
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