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Q. (Shifts in PPF) Terrorist attacks foster instability and may affect productivity over short and long term. Do you think September 11, 2001, terrorist attacks on World Trade Center and Pentagon affected short and/or long-term productivity in United States? Elucidate your response and show any movements in PPF.
Explain the effect of price ceiling also price floor with reference to the concept of price elasticity of demand.
Show that a specific tax of $3.70/unit generates the same revenue as a 20% ad valorem tax
how to compute implicit explcit and opportunity costs. jamal has a flexible job. he can work everyday but is allowed to take a day off anytime he wants.
Illustrate what should be the production level if fixed costs rose to $50,000 per month. Explain.
How big would that budget have to be before he would spend a dollar buying a first cup of coffee.
Price ceiling is the law that sets a maximum price below the equilibrium market price, but a price floor is the law that sets a maximum price above the market equilibrium price.
Explain what occurs when a new technology makes another one obsolete in terms of economic profit?
Find out the real rate of interest earned by Albert in each of the three years and his total real return over the three-year period. Suppose that interest earnings are reinvested each year and themselves earn interest.
llustrate what are the quantities produced before and after the tax was imposed.
Briefly discuss the similarities and differences between producer equilibrium and consumer equilibrium.
If there is a 10% decline in the cost of women's fur coats and a 25% increase in quantity demanded Illustrate what is the elasticity.
Explain how would you design a specific customized compensation plan for Agent-Principal.
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