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Select a social problem where free markets are not allowed to function, and conduct research on the social problem.
Describe how free market features could be introduced to help alleviate the social problem through free market operations of supply and demand.
Discuss the risks of introducing market mechanisms of supply and demand in situations where
utilizes the Keynesian cross to predict the impact on equilibrium GDP of equal-sized rise in both the government purchases also taxes
In a certain kingdom, the demand function for rye bread was q = 381 − 3p and the supply function was q = 5 + 7p, where p is the price in zlotys and q is loaves of bread. The king made it illegal to sell rye bread for a price above 32 zlotys per loaf...
What is meant by tax incidence? Does it matter for the incidence of a tax on the sale of a good if the tax is placed on the seller or if it is placed on the buyer of the good? Explain.
An engineering company just purchased new CAD software for $8000 now and annual payments of $500 per year for 6 years starting 2 years from now for annual upgrades. What is the present worth of the payments if the interest rate is 6% per year?
Academic researchers usually develop more complex also eworkerate models than applied researchers.
Bob's utility function is UB = (hB - 1)2sB where hB and sB are his consumption of hamburgers and salads respectively. Let p be the price of hamburgers measured in salads. Alice is endowed with one salad and two hamburgers. Bob is endowed with six sal..
q. consider the following two statements1 if the government raises marginal income tax rates on society and then
Explain what happens to observed prices in posted offer and double auction markets when there at least two sellers.
Estimate the following statement;"Managers should specialize by acquiring only the tools needed to operate in a particular market structure.
Using your knowledge of after tax engineering economic analysis on a company's investment decisions and the information in the articles, relate how taxes can affect investment decisions. The Laffer curve basically relates how a 5% increase in a tax r..
The city government is losing millions of dollars on the system of mass transit (buses and subways). The government proposes to increase the fare of a ticket by 20% and they have asked your advice. You know that the price elasticity of demand for mas..
An economy has the following Money demand function: (M/P)d= .4Y/i^.5 . Where i is the nominal interest rate. Calculate velocity if the nominal interest rate is 4 percent. Calculate the new velocity of money.
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