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In the videos from last unit looking at the 2008 financial crisis [Economic Meltdown of 2008] Paul Solman presents the economic decisions President Obama and his team had to make in the situation. In the end, the Obama Administration provided bailout funds for the banking and car manufacturing industries - thereby picking winners and losers and inching us closer to a "command" economy.
In a paragraph, respond to the question:
Was it wise for the government to keep these failed businesses alive?
Why do oligopolies exist? List five or six oligopolists whose products you own or regularly purchase. What distinguishes oligopoly from monopolistic competition?
The demand function for a product using resource X is given by Q = 180-2P and the cost of production is constant at MC = 20 Write the inverse demand function for this product.
Suppose you estimate the following cost equation: AVC = 4832 – 0.5(Q) + 0.00007(Q)2 At what quantity is AVC minimized Suppose this firm sells 3500 units per month at a price of $4000.00 each and has fixed costs of $10,000 per month. What is the firm’..
Comment on "Students should be made aware of the legal restrictions governing the securing of evidence for prosecuting computer crime
An astronomical unit (AU) is the average distance from the Sun to Earth, 1.50 ×108 km. 1 year = 3.156 × 107 s.How many meters are there in 4.90 ly?
What modern microprocessor architectural features might be added to the CPU to improve its MIPS rate?
What relationship does the Beveridge curve illustrate?
If France can produce grapes at a lower opportunity cost than any other nation, France is said to have a/n ____________in the production of grapes.
A consumer's utility is given by U(X,Y)=X^0.25*Y^0.75. (To be clear, ^ denotes exponentiation, so the utility function is X to the 0.25 power multiplied by Y to the 0.75 power.) Given this utility function, MUx=0.25X^(-0.75)*Y^0.75, and MUy=0.75X^0.2..
Suppose a public referendum is being held on whether or not to levy a tax on cigarettes. Currently, the supply of cigarettes is given by Qs = -120 + 28P. You estimate the demand for cigarettes to be Qd = 200 - 4P. What is the price elasticity of dema..
For the purpose of these exercises, let the firm's profits be given by P(x) = 20x - x^2, and let damages be given by D(x) = 2x^2. Producer surplus, which equals profits, plus the net effects of any taxes, subsidies, or side-payments agreed to under t..
Assess the strengths and weaknesses of the Lewis - Fei - Ranis model of economic growth and structural transformation. Can you think of ways to improve the mod
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