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A survey show an increase in drug use by young people. In the ensuing debate, two hypotheses are proposed:. Reduced police efforts have increased the availability of drugs on the street.. Cutbacks in educationefforts have decreased awareness of the danges of drug addiction.
a. Use supply and demand diagras to show how each of these hypotheses could lead to an increase in quantity of drugs consumed.
b. How could information on what has happened to the price of drugs help us to distinguish between these explanations.
The FCC has hired you as a consultant to design an auction to sell wireless spectrum rights. The FCC indicates that its goal of using auctions to sell these spectrum rights is to generate revenue.
A famous quarterback quite signed a $15 million contract providing $3 million a year for 5 years suppose that he gets paid at the end of each year.
Suppose if the table shows the demand faced by a monopoly firm then what is that firms marginal revenues
In an article on the steel industry, The Wall Street Journal noted that as steel prices were falling, steelmakers were not cutting production-Explain how advertising can be employed to allow Tots-R-Us to keep price average above cost without encoura..
In October 2004 and 2005, real GDP in the United States increased by 3.6 percent, while nonfarm payroll jobs increased by only 1.4%.
Use the production and price information in the table to calculatereal GDP for 2009, 2010, and 2011 using 2010 as thebase year.What is the growth rate of real GDP from 2009 to2010 and from 2010 to 2011?
Suppose we have a competitive market for a good with domestic demand and supply given by:
What are the three methods in order to be equipped with the tools necessary for evaluating a market's equilibrium.
To improve its standard of living, a nation’s economy must remain stable, grow through innovation or else.
Discuss any significant use of discretionary fiscal policy (fiscal stimulus package, deficit restructuring...) during the period.
You are to be part of a panel of three local person considered to have experience in international business.
A houseowners son has agreed to invest some money in materials for remodeling of his parents kitchen, if he can decorate kitchen and the cabinets in vinyl he likes.
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