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Questions:
1) Many economists are convinced that fuel has a relatively inelastic demand curve, provide a discussion that substantiates their point of view. Do you agree with this view? Why or why not?
2) Is Coase's theorem valid? Why or why not? How does Coase's theorem address the problem of environmental pollution control? Does this make sense? Why or why not?
Would you be motivated to work for a company that produces/sells controversial products? Why/why not?
In a local hardware store, the price of the store brand indoor house paint. Determine the demand equation for the paint assuming that it is linear.
Write a three- page research to explain how you would use the monetary and fiscal policy tools to jump start the economy.
Find the equilibrium price and quantity in the oil market - Find the equilibrium price and quantity in the market for taxi rides.
Describe the concept of the law of "diminishing returns" and why does it take place only in short run? Differentiate between "the long run return to scale" and "economies of scale."
Suppose that there is technological change that reduces the cost of recruiting for ï¬rms. What are the equilibrium effects of this in the DMP model?
Domestic producers often base their claim for import protection on the fact that workers in country X are paid substandard wages.
Example of an economic and / or policy issue to support your response.
Construct a stem-and-leaf display for these data using the thousands digit as the stem. Comment on the various features of the display. Construct a histogram using class boundaries of 0 to,1000, 1000 to ,2000, and so on. How would you describe the..
Recent bond prices have dropped due to the credit downgrade. Please describe how you would raise capital and how it will affect each of the stakeholders.
Use the rule of 72 to estimate the doubling time (in years) for an interest rate of 3%, compounded annually. Then calculate it exactly.
What are the facotrs involved? What were the circumstances? How was the dilemma handled? What were the consequences?
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