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Write 1,400-word paper on microsoft, in which you:
Cite three separate resources in addition to your textbook.
Format your paper consistent with APA guidelines.
Draw a supply and demand showing a market with an initial equilibrium price of $2, and an external cost of 30 cents per unit. Suppose the government imposes a corrective tax of 30 cents per unit that raises the equilibrium price by 10%. Show the new ..
Based on discussions surrounding the controversy over the value of the Chinese yuan in foreign currency markets, is China still using central bank foreign exchange policy to maintain the value of the Yuan? What is the current policy of the United Sta..
For each of the following, use the concept of revealed preferences to rank the two bundles of goods. If you cannot rank them, explain why. The price of 3 Brooks Brothers suits is $3000. The price of one Anderson and Sheppard suit is $5000. Bruce choo..
?If quantity demanded for iPad's falls by 4% when price increases 8%, we know that the absolute value of the own-price elasticity of iPad's is?
Have you ever noticed that prices changes from time to time for seemingly no reason? Well, believe it or not, there is most definitely a reason. Businesses try to extract as much money as possible from consumers for their products. What are some of t..
Consider the term "welfare economics," and apply it to the allocation of resources and its effects on today's society.
In many ways, courts are expected to be apolitical institutions of government. In what ways are courts, judges, and justices shielded from political pressures? In whats ways are they vulnerable to political pressures? Are the courts appropriate place..
NY state will soon implement a $15/hour minimum wage for fast food workers. What is your prediction of the short run effects of this policy? What is your prediction of the long run effects?
This simulation is meant to illustrate supply and demand. Now, the only market structure that has supply curves and demand curves is perfect competition. (All four market structures we discuss in this class have demand curves, but only perfect compet..
Venture capitalists provide funds to finance new companies (start-ups), usually in return for a share of the firm’s initial profits (if any). Of course, venture capitalists look to back experienced entrepreneurs with strong products (or at least prod..
What are the differences between Monopolistic competition and Monopoly?
A perfectly competitive firm will shut down immediately when the market price falls below
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