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Impact of Government Regulation
One of the issues that businesses are concerned about in government regulation is the increasing costs of the regulation. Meaning, regulation rarely shows up where it comes to the benefit of the business. On the contrary, it comes to assure the business complies with the rules and regulations that would benefit society. This of course will increase the costs on the business but the alternatives would be highly costly on the society. In several instances, the special interest groups and/or lobbyist would try to manipulate the regulators' decision to the benefit of the business. Unfortunately, these lobbyists impact the consumer and society negatively. The question I want to ask, how can the government balance between keeping the business in the economy and the consumers' interest? What would be the impact of continuously successful lobbyist on the consumers?
The U.S. has a teen pregnancy rate that is twice that of the U.K. and Canada, and four times that of France and Sweden, even though the rates of teenage intercourse are similar. Why do we see this trend, and what can be done about it?
Solve for the amount imported, consumer surplus, and producer surplus. Suppose a per unit tariff of $64 is imposed by the government. Solve for the consumer surplus, producer surplus, government revenue and total surplus with the tariff.
Graph the following scenario taken from the headlines recently. Be sure to focus on what is actually happening. “Central bank Governor Toshihiko Fukui has been predicting the economy's longest expansion in more than 60 years will spur profits and fee..
You now know everything you need to know to be an informed critic of the Affordable Care Act. Based on all that you have learned, how does the Act measure up to our three goals of 1) increasing quality of care, 2) increasing access to care and 3) kee..
Demand Analysis. KRDY-FM is contemplating a T-shirt advertising promotion. Monthly sales data from T-shirt shops marketing the "Listen to KRDY-FM" design indicate that: Q = 15,000 - 800P where Q is T-shirt sales and P is price.
The percentage effect which increase in output will have on the profit made from producing and selling commodity Alpha will be.
It's a specialized market, so we'll just have to assume we have enough buyers and sellers to have our demand and supply curves be straight, smooth lines. The following information applies to the market before any tax is applied: Calculate the per-uni..
In April 1978, Fidel Castro announced that Cubans who wanted to leave Cuba for the United States could do so from the port of Mariel, Cuba. Within 6 month, about 125,000 (mainly) lowskill Cubans had flowed through Mariel for Miami, resulting in a sud..
Suppose the market for good X has a four-firm concentration ratio of 0.50. Furthermore, assume that total sales in the industry are $1.2 million. Based on this information, we know that sales for the largest four firms in the industry equal (in aggre..
Calculate the output level and price that maximizes total revenue.
Christine’s utility is determined by her wealth such that U=logW, where W is her wealth in dollars. If she has a current wealth of $1,000,000, what is the most she would willingly pay to insure against a 10% chance of losing half of her wealth?
During the last 10 years, Orlando, Florida grew rapidly, with new jobs luring your people into the area. Despite increases in population and income growth that expanded demand for housing, why the price of existing houses barely increased.
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