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Question 1: Recently there has been discussion in the news about taxing junk food (soft drinks, for example) in an effort to reduce the incidence of obesity in the U.S. Do you think the demand for junk food is elastic or inelastic with respect to price?
An early goldsmith banker earned a profit (sometimes a large profit) simply by writing notes to certify that a person had deposited a certain amoumt of gold in his vault. By writing more notes than the amount of gold held
Does the US have a Genuine Free Market System? Regardless of the topic selected it should contain whenever possible solid economic analysis.
1 if c0 392 i 1192 g 779 x 386 mpc 0.97 t 0.18 and mpi 0.13 all numbers are in real terms and billions.a
How Apple Inc. production function is related to its marginal product of labor?
Define a loanable demand function. Why a demand for loanable funds curve is downward slopping?
1. What is meant by productivity? 2. Analyze the impact on a fall in productivity on costs.
A new widget, with a service life of four years, would save $50,000. in production costs each year. Using a 12.00% nominal annual interest rate, determine the highest price that could be justified for the widget, i.e., determine the present valu..
Suppose a new law establishes a minimum teacher salary that is 20 percent higher than the prevailing salary. How would you expect this law to affect the average quality of teachers and the taxes paid by the typical household?
What is the objective of recent Monetary Policy? Has it been effective? Give arguments that say it has and some which say it hasn't.
Why has the United States failed to bring peace and stability to Yemen? Should drones be used in armed attacks against Al Qaeda?
If an agent is liquidity constrained, then an unexpected increase in transitory income of $100 can result in the agentís current consumption increasing by $100"
What is the firm's average variable cost as a function of its output level, y? What is the firm's average total cost as a function of its output level, y? What is the firm's profit maximizing level of output, and what is the resulting profit?
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