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Do you believe that health care is a basic human right available to everyone or is it a Privilege for those who can afford it? In an example Obamacare is a step in the right direction, in my opinion, but does not go far enough. Agree or disagree.
Consider a world with two countries, A and B, in which consumers are obsessed with the consumption of YokiPooki, which is considered to be the latest and greatest in VR entertainment. The two counties are identical: each has an aggregate demand for Y..
Assume that at this time in the nation of Economic when families split up there are no required child support payments.
Consider two firms, located at each end of a street of length 1. There are customers uniformly distributed along this street. Customers incur transportation costs TC = 2x2, where x is the distance they need to travel in order to purchase the product...
If the price for input factor is PX = $60,000, the marginal product is MPX = 300 and the marginal revenue is MRQ = $250, the marginal revenue product of X equal
Identify a personal economic decision that was driven by a behavioral bias rather than by pure rational behavior. Given your understanding of behavioral economics, how would your decision differ today?
Using the concepts you have learned throughout this course, explain why sports economists believe ticket prices are too low. Incorporate as many of the major themes we have covered as applicable. As a minimum, you will want to include the concepts el..
In this context, describe a Type I error possible. How might such an error impact Happy Life decision regarding the premium structure?
In January 2001, $1 was equal to 1.06 euro. By January 2012, $1 was worth 0.76 euro. As a result of the change in the value of the dollar:
We’ve all heard the cliché that “nice guys finish last.” Is this true in marketing? Do firms that use good ethical practices have an advantage or disadvantage? Do you think consumers will pay a few cents more for non-polluting soap or environmentally..
Then make an argument for why the government may still prefer using the other approach.
Discuss the Becker-Murphy model of residential sorting. Be sure to explain the basic assumptions of the model. Under what circumstances is a neighborhood in equilibrium? Under what circumstances is a neighborhood stable?
Let’s discuss the impact of proper contact with customers (face-to-face, via phone, written, or online communication) on a business. What are some examples of excellent service you've experienced?
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