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What is the answer for "You are mayor of your hometown, and one day you arrive at city hall to find angry voters demonstrating against you. They are mad because your office created a garbage-collection monopoly by awarding only one company a permit to collect garbage in your town. The voters claim that the company is overcharging and providing and poor service. They want you to do something that will lower rates and improve service. You call your staff economist, who presents evidence that there are substantial economies of scale to garbage collection. What are your options if you are interested in efficiency?
Elucidate how would you improve this survey to better reflect the needs of the consumer.
Define what a health insurance exchange is and how it is suppose to function? What economic value is to come from the insurance exchanges? What are the potential pitfalls?
The expected salvage value of the furniture is $5,000 in 2015. Determine the recovery period for the furniture and its depreciation deductions over the recovery period.
In the Heckscher-Ohlin model, if the share of country’s capital used in Computers is higher than the share of country’s labor used in Computers, then Computers must be the capital-intensive sector. Consider a specific factor model with labor as a mob..
Boris budgets $9 weekly for his morning coffee with milk. He likes it if it is prepared with 4 parts coffee, 1 part milk. (Milk and coffee are perfect complements here). Coffee costs $1/oz, and milk $0.5/oz. Draw his budget constraint and indifferenc..
During the first 13 weeks of the t.v season the Saturday evening 8;00pm-9:00pm audience proportions were recorded as ABC 29% CBS 28% NBC 25% and independents 18%. a sample of 300 homes two weeks after Saturday night schedule revision yielded the foll..
Draw a production possibilities curve between healthcare and all other goods. Insert a point in the drawing that illustrates an economy with an inefficient healthcare system. Insert two additional points that illustrate two efficient economies but tw..
Consider the following strategic setting involving a cat named Baker, a mouse named Cheezy, and a dog named Spike. Baker’s objective is to catch Cheezy while avoiding Spike; Cheezy wants to tease Baker but avoid getting caught; Spike wants to rest an..
Show graphically and explain why the imposition of a minimum wage results in both winner and losers in the labor market. On your graph identify the gains to the winners and the losses to the losers.
Pick a state and compare it to Oklahoma’s Malpractice Caps, what are the state’s caps or limits on the amount of money that can be awarded to victims of medical malpractice cases. Give any details that tell why or how the state determined that amount..
As the saying goes, "the only sure things in life are death and taxes." This saying points out the result that everything having to do with taxes is an automatic fiscal policy.
In which of the following situations is the Coase theorem likely to apply? Explain.
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