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At the height of the pandemic in 2020, cruise ships were banned in Canada. On the other hand, whale-watching tours were still allowed to operate. What question does this ask when critiquing the ethics in policy? Explain
Consider a competitive market involving firms with identical U-shaped average cost curves that is in the long run equilibrium. Suppose that the government imposes a lump sum tax on every firm in this industry. A firm can avoid the tax only if it stop..
During World War II, both Germany and England had plans for a paper weapon: they each printed the other's currency, with the intention of dropping large quantities by airplane. Explain why might this have been an effective weapon.
The Bramwell Corporation has estimated its demand function and total cost function to be as follows:
Suppose that a small town has seven burger shops whose respective shares of the local hamburger market are (as percentages of all hamburgers sold): 26%, 25%, 20%, 12%, 9%, 5%, and 3%. What is the four-firm concentration ratio of the hamburger industr..
Suppose you make equal quarterly deposit of $2,500 into a fund that pays interest at a rate of 8% per year compounded monthly. Find the balance at the end of year 2. Please provide formula or excel function?
Most (97 percent) roads and streets in the United States are under the jurisdiction of State and local governments.
What are two pieces of advice about credit that you will give to someone graduating from college this year?
Consider two closed economies that are identical except for their marginal propensity to consume (MPC). Each economy is in equilibrium with real GDP and aggregate expenditure equal to $100 billion. The first economy's MPC is 0.5. Therefore, its initi..
When Seth told Anita, "Your plan for purr semester project is not going to work." she snapped back with, "I don't hear you coming up with anything better." Identify Seth and Anita's hypotheses, evidence, and conclusions.
Before 1976, the airlines often denied boarding to passengers who were flying on urgent business in favour of passengers who were not in any particular hurry to reach their destinations. This would seem to be a cooperative failure.
What will be the market price per unit of natural gas? (c) What is the marginal cost of the last unit produced by producer 1? By producer 2?
How do you explain the rise of Islam to dominance over such a large region, from the 7th to 13th centuries, despite the existence of strong rival religions, supported by powerful empires? Additionally, to what extent were the Arabs, as the initial le..
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