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A public health official is considering expanding the number of health clinic in an area. The official has information on the following costs and benefits of expanding the number of facilities:
Number of new facilities Costs Benefits
1 50,000 80,000
2 90,000 160,000
3 140,000 230,000
4 200,000 280,000
5 280,000 320,000
a. How many new facilities should be created? Explain
For several decades the labor force participation rate of women increased steadily but average hours worked per employed woman decreased steadily. Holding all other factors constant could rising wage rates of women explain both phenomena? Explain.
As I agree with the post below that terrorism is Violence or threat of violence, against non-combatants or civilians usually motivated by political
What changes in trade policy can be expected as countries such as China and India become increasingly influential in the global economy?
The average and standard deviation of the amount of Goods and Services tax remitted by performance artists in a twelve month period
The United States has a variety of regulations to address the economic harm resulting from monopoly power in an industry. This includes the Sherman Act of 1890, the Clayton Act of 1914, and the Federal Trade Commission Act of 1914. These acts were ai..
Suppose GDP equals $200 million, consumption equals 140 million, government expenditure equals 20 million and has a budget deficit of 5 million. (Hint. suppose this is a closed economy, Y=I+C+G) Find investment and taxes. Find public saving and priva..
Between 1990 and 2006, the real value of the minimum wage declined, as measured using the CPI. Assume that the goal of the minimum wage policy is to maintain a constant standard of living for minimum wage earners over time (i.e. their utility, on ave..
The economic theory of bureaucracy states that athletic directors: Relative to a perfectly-competitive labor market, a monopolized one: The marginal costs of effort tend to:
Find clear vision's profit maximizing output and price; also determine profit. suppose that box city imposes a specific tax of t=1$ per unit of service. find clear vision's new profit maximizing output, price, and resulting profit
Three tools that economists use to empirically test economic theory are randomized experiments, observational studies, and quasi-experimental studies (natural experiments). First rank the three methods in terms of ability to identify casual relations..
Suppose that the inverse demand curve is: p(q) = a − bq, and the cost function is: c(q) = cq. How much consumer surplus is generated when the price is p*? How much producer surplus is generated at p* If the monopolist can only set a linear price (tha..
The monthly market demand curve for calculators among economics students is given by P=100-2Q, where P is the price per calculator in dollars and Q is the number of calculators purchased per month. If the Price is $30, how much revenue will calculato..
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