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Why do you believe politicians are making these items priorities (and, why now in 2014)? In economics, we are looking for incentives. What incentives does a politician, looking out for their interest (invisible hand), have to promote these bills?
Ed and his wife Kathie own all of the stock of Crispin, Inc. Kathie is the president and Ed is the vice president. Kathie and Ed are paid salaries of $500,000 and $350,000, respectively, each year. They consider the salaries to be reasonable based on..
Suppose you have $400 to spend on either Baseballs (B) or Baseball Gloves (G). Baseballs cost $8 each and Gloves cost $25 each. Using a graph, illustrate your budget constraint. Please put the number of Baseballs on the vertical axis and the number o..
An increase in the price of a product (P), along with an increase in the price of an input factor (PI), is certain to lead to an increase in quantity supplied (QS). An increase in the dollar amount of fixed costs increases marginal cost.
For each of the following assume that the demand curve shifts while the supply curve remains constant. What is the direction of the demand shift and relative elasticity of supply? Prices do not change. Quantity increases significantly. Price falls si..
part a instructions read the case study the case of the unequal opportunity by m. c. gentile 1991 julyaugust harvard
Regional trading blocs, such as the EU and NAFTA, are growing in importance. What are the implications of these trading blocs for international business? Are they helpful or harmful? How may they affect a firm's investment decisions?
Indicate whether each of the following statements is possibly true or certainly false. The cost-minimizing bundle for y = 50 is l = 10 and K = 40 if labor and capital cost the same, and is l = 12 and K = 37 when labor costs $20 and capital costs $15.
The Short Run Total Cost of a firm is given by C= 190 + 53 Q. Find out the firm's total fixed cost. Find out the firm's total variable cost. Find out the firm's short run marginal cost.
Would a typical hedger be willing to pay a risk premium in order to hedge by buying foreign currency forward.
How can trade liberalization exist on a nondiscriminatory basis versus a discriminatory basis? What are some examples of each?
Suppose that there are 150 houses in the community with 2,000 square feet (providing services that rent for $10,000 per year). The interest rate is 4% and with proper maintenance all of the houses will last forever. In an election the population deci..
The bicycle industry is made up of 100 firms with the long-run cost function c1(y) = 2 + (y^2)/2 and 60 firms with the long-run cost function c2(y) = (y^2)/10. No new firms can enter the industry. What is the long-run industry supply curve for prices..
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