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1. Explain what consumer surplus and producer surplus is and how it can be found.
2. Explain what a deadweight loss is and what causes it.
3. Explain the difference between private goods and public goods.
4. Explain what a negative externality is and how it can be reduced or controlled.
5. Explain what a positive externality is and how it can be increased.
Write a 1,200 - 1550 word paper analyzing the use of databases in your organization. Address in your paper the following:Include what database applications are used (Microsoft Access®, DB2®, Oracle®, and so forth).• Conclude by proposing improvements..
An end-of-sale price promotion changes the price elasticity of a good from -2 to -3. If the normal price is $10, what should the promotional price be?
Please briefly explain how the inflation rate, as measured by the GDP deflator, behaves during recessions. We'll be using what you find this later in our course.
President North West is spending billions of dollars on military equipment in the U.S. He is also attempting to carry out his promise to put a man on Mars by the end of the decade.
Explain the concept of price escalation and why it can mislead an international marketer - What are the causes of price escalation
Following a collapse of sales in the wake of the sub-prime financial crisis, U.S. automobile manufacturer, Chrysler LLC, filed for bankruptcy in April 2009. It then sold its brands and various other assets to Fiat SpA. Table 7.10 below lists the esti..
What is the total dollar value of the change in welfare in the United States caused by the tariff? State whether the U.S. gets a welfare gain or suffers a welfare loss from the tariff.
Illustrate the expected changes in the market for first-class air travel in the US and what type of good does that make the haunted house - What is the marginal product of high-skilled labor?
Suppose that on January 1, 2011, a household had $3 00,000, which it wanted to hold for use one year later. Calculate, by using resources available online or in the university library, which of the following would have been the best store of value ov..
Set up the consumer's utility maximization problem for prices pi, p2 and income m and how can this person be better off than by consuming the bundle
Distinguish between collusive and non-collusive oligopoly. Explain the following features of oligopoly.
consider competitive markets monopolies and oligopolies. what role does each of these play in an economy? write a 1050
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