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Several medical studies have shown that drinking green tea is good for the heart and preventing cancer. How would such a study affect the public's demand for green tea at it's current price? How would it affect the type of plants that farmer's planted in the future?
The theory of public choice suggests that
Susan is a single taxpayer, 26 years of age, with AGI of $28,000 and no tax exempt income. She did not have minimum essential coverage for 9 months in 2014. Compute Susan's individual shared responsibility payment for 2014. Do not round your calculat..
Your current salary is $70,000 per year and you are planning to retire in 25 years from now. You anticipate that your annual salary will increase by $3,500 each year. You plan to deposit 5% of your yearly salary into a retirement fund that earns 6.75..
Find the equation of the dominant firm's derived-demand function
Complete the following table by indicating whether or not each scenario is an example of price discrimination. Last-minute "rush" tickets can be purchased for most Broadway theater shows at a discounted price.
The demand for borrowed funds is, The income of Lebron James, for example, is determined by, The income to someone such as Lebron James is
Bank regulators are required to examine and report on the health of financial institutions. How does the bank reserve ratio requirement affect its lending ability? How do “sweep” accounts help banks avoid their reserve requirements? How do money mark..
Explain what a “fiscal externality” is, and give an example of fiscal externality. Explain in words why it is important to know whether a reduction in taxable income following an increase in tax rates creates a fiscal externality. How is your answer ..
Expansionary monetary policy would consist of. Which would shift the short run aggregate supply curve to the? left? Which would NOT shift the long run aggregate supply curve? outwards? In the aggregate supply and demand? model, in long run equilibriu..
Calculate the substitution and income effect for the utility function: u(x,y) = x + lny and show that the Slutsky equation applies to those cases.
Suppose that Period 1’s demand for groundwater is given by the linear equation QUOTE PToday=$10-0.4*QToday . Furthermore, suppose climate change causes Period 2’s demand for groundwater to be a different linear eaquation, QUOTE PFuture=$12-0.3*QFutur..
Why innovation so important for firms to compete in many industries? What are some of the advantages of technological innovation? Disadvantages? Why do you think so many innovation projects fail to generate an economic return?
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