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How do the topics in Inequality for All affect students? Which topic in particular seems the most urgent/important to your audience, and what do you want to persuade them to think about it?
A tax is imposed on a certain good. The tax produces revenue of $5,000 for the government. The tax reduces consumer surplus by $3,000 and it reduces producer surplus by $4,000. What is the amount of the deadweight loss of the tax?
The city government is losing millions of dollars on the system of mass transit (buses and subways). The government proposes to increase the fare of a ticket by 20% and they have asked your advice. You know that the price elasticity of demand for mas..
On July 27, 2015, the Shanghai Composite Index fell by more than 8%. To preserve asset value, the Chineese government halted trading in some companies and in short selling. How did these actions impact the efficiency of the Shanghai stockmarket? Were..
A firm’s isoquant is given by: q = LK. Total cost is $200 and WL = WK =$1. Mathematically solve for the equilibrium levels of L, K, and q. Show all work. Graphically present your findings. Label L, K, q, equilibrium, and endpoints to the total cos..
Why is a vending machine, which requires payment for each snack purchased, used to sell snacks, while a newspaper can be sold out of a box that allows anyone to take more than one paper?
what is the marginal utility of X? If a consumer moves downward along an indifference curve, what happens to the marginal utilities of X and Y? What happens to the MRS?
In May in Huntsville, the high temperature exceeded 80°F on 20 days. It rained on 8 days when the high temperature was over 80°F. If we choose any day in May, the probability that it rained on that day is independent of the probability that the high ..
Can this model explain the fact that unilateral divorce law increased the divorce rate temporarily.
Explain the two approaches that can be used to compute GDP. Why do these two approaches lead to the same value for GDP? Explain why real GDP is a more reliable estimate of economic growth than nominal GDP.
Ethical relativism is best described as what type of a theory?
Explain why does it matter which particular mix of price and quantity is selected.
Write the total and marginal revenue functions.
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