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Since all economies are faced with scarcity, how might nations attempt to minimize the human hardship associated with scarcity? Try to use concepts seen in this unit such as production possibilities frontier, comparative advantage, circular flow, etc.
a) Draw this demand curve, labeling the values of the y- and x-intercepts. b) Show how his demand curve and values of the y- and x-intercepts change if he obtains health insurance with no deductible and a 20% coinsurance rate.
Show graphically the amount of the change that is due to the substitution effect and the amount of the change that is due to the income effect.
Draw a current budget constraint for an assumed single mother (net of child care costs) who loves leisure. Draw the new constraint. Discuss the likely effects on labor force participation and hours of work.
What are the highest and lowest payments from the writer that the beekeeper=farmer team will accept for the sixth day Assuming that the farmer can dispose of $7 of the writer as she wishes, what range of payments will the beekeeper accept
What is the role of advertising in each of the four market structures? As you answer these questions, illustrate your points with original examples.
Discuss the so called fiscal cliff and the expected impact for the State of Mississippi and the Mississippi Delta.
You are the manager of a firm in a new industry. You have gotten the jump on the only other producer in the market.
If the saving rate does not change, but the population growth rate rises, what will happen with Avataria's GDP per capita What will happen with its GNP per capita How do these results contrast with the Solow model presented(b) Now assume that the..
Explain how would an increase in the present rate of oil affect the time of development if the rate of price increase in the future remains at 2%.
Sales for year just ended were $500, and fixed assets were used at 80% of capacity. Current assets and accounts payable vary directly with sales.
Suppose Bank of Canada (BOC) purchases $100 million worth of government bonds from a chartered bank. Assume BOC imposes 5% legal reserve requirement ratio to the banking system.
Show the weekly relationship among output also number of workers for a factory with a fixed size of plant.
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