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Q1. Give 3 good reasons why someone might choose to pay $1150for health insurance when the actuarial fair premium was only $900
Q2. The Honolulu tourism commission currently proposed a 7% tax on hotel rooms to pay for an outdoor amphitheater. A Purdue University economist estimates that the tax would result in a 4% increase in price also an 8% drop in the quantity of hotel rooms demanded. As a result of the tax, the total spent on hotels will?
Every may either 'cooperate' with its rival or 'cheat' in every period of play. If both cooperate, they earn $100 every in that period.
A county is considering using a piece of park land for one of two alternative recreation projects. Project S would require construction costs of $2 million (year 0) and generate net benefits of $1 million per year for 10 years.
Find the equilibrium price also quantity, then find elasticity of demand. Which should the federal government consider when evaluating the rising cost of college.
Elucidate why the first mover will not install a capacity less than 6 or greater than 12.
Producing nations outside the organization, like Britain and Norway, should do their share and cut production.
Their banks are holding back credit so it is harder for businesses to invest and for consumers to spend
Suppose she is offered a new job that would pay her $15,000 and would bring her earnings high enough so that she no longer qualified for any welfare benefits.
Calculate real GDP in each year, and the percentage increase in real GDP from year 1 to year 2 using year 1 as the base year. Next, do the same calculations using the chain-weighting method.
During the month, there are 26 workdays. The company has 15 workers.
Explain how many histories/game tree nodes are there where P2 has to move? P1.
When Betsy goes to make her list for tomorrow she is upset that she didn't get everything done. In a well-written paragraph explain the economics behind her inability.
The benefit of cutting down a forest is $1 million now. the environmental cost of that harvest is $10/year forever.
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