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Question: For the NJ Light Rail problem, assume the price of a ticket is $5.00, and that a passenger has to decide whether to buy a ticket or try to get a free ride. Assuming that the fine is $300, and that the cost of checking is $2.00, determine how often the police should monitor the tickets, and how often passengers will buy their tickets?
Using demand and supply analysis, describe a specific situation where a shortage occurred. Why were prices unable to adjust in this market?
Discuss how the level of output per person in the long run would likely be affected by each of the following changes: The right to exclude saving from income when paying in- come taxes.
Home Heating Bills Surge Amid Record Cold If there's one thing that can set home heating costs soaring, it's a long, frigid blast from one of the coldest.
Which of the following is the best example of a public good (or quasi-public good)?
suppose you are given the following data on household income distribution for the usa and chinese
discuss how you would convince businesses to increase exports and how you would put an ad campaign together directed at
What happens to equilibrium output and the equilibrium interest rate in the short-run, and equilibrium output and theequilibrium price level in the long-run.
If we plot Michelle's GPA as a function of her leisure time, we see that her GPA first rises with leisure (taking some time of improves her performance).
E.U. Agrees to Trade Deal with South Korea Italy has dropped its resistance to an E.U. trade agreement with South Korea, which will wipe out $2 billion.
Procedural Email Message Write a procedural email message to employees reminding them of standard operating procedures or organizational changes that take the form of step-by-step instructions. Be creative, or use an issue applicable to your work env..
Kim can produce 40 pies or 400 cakes an hour. Liam can produce 100 pies or 200 cakes an hour.
A monopoly is considering selling several units of a homogeneous product as a single package. A typical consumer’s demand for the product is Qd = 80 - 0.5P, and the marginal cost of production is $100. Decide the optimal number of units to put in a p..
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