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Question: There is a lot of discussion about the amount of money being spent on college sports, sometimes to the detriment to the overall university. Students are being asked to subsidize athletic departments that they may not even care about. Please give your thoughts on whether you believe such spending makes sense, ways the schools can raise money without asking more from students, coaches salaries (are they too high), and anything else that speaks to the spending and budgeting that takes place at the college level. To get it started, would you care if you had to pay $100 a year to support your athletic department? How about $400? Why or why not? (700 word)
Indicate your understanding of the current state of the economy by reporting whether you believe we are in a recession, a trough, in a recovery, or at a peak of the business cycle given a comparison of current and historical levels of real GDP.
Suppose a special tax was introduced that used the value of one's automobile as the tax base. Each person would pay taxes equal to 10 percent of the value of his or her car. What distortions do you think would appear in the economy if such a tax w..
A constant cost, perfectly competitive market is in long-run equilibrium. At present, there are 1,000 firms each producing 400 units of output. The price of the good is $60. Now suppose there is a sudden increase in demand for the industry's produ..
negligence in health care is another important legal issue that health care professionals frequently encounter.
Define a natural monopoly and what has happened to natural monopolies in recent years? Describe. Under which market structure does your type of business fall?
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Suppose that an individual allocates his or her entire budget between two goods, food and clothing. Can both goods be inferior? Explain.
Explain the three types of goods: search goods, experience goods and credence goods. What type of advertising would firms likely use for each type of good and why?
A bank currently has $70,000 in deposits, $6,000 in cash in the vault, $12,000 on deposit with the Fed, and $7,000 in government securities. The needed reserve ratio is 20 percent. Answer these questions: What could keep the expansions from happening..
The Principal can invest in monitoring to improve the precision of the performance measure,according to the monitoring technology
Suppose you own the home remodeling company. You're currently earning short-run profits. The home remodeling industry is the increasing-cost industry. In long run, what do you expect will take place to
a consumer has utility function given by ux1 x2 radicx1 x 2 .i suppose the price of good 2 and income are ?xed at 5
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