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Assume that you were ready to buy a custom tailored dress (or men's suit) and you are prepared to pay up to $200 for it. Also assume that the tailor is prepared to sell that item of clothing for as little as $100.
When you arrive at the tailor shop, the posted price for the item is $150. Discuss how scenario relates to producer and consumer surplus and how such surpluses, if any, affect buying and manufacturing decisions
Discuss any recent purchases you have made and for which you feel that a similar rational seemed to be at work.
1.Government policymakers may be elected politicians or appointed experts. Describe some of the specific decisions made by policymakers that affect you personally 2. Discuss the motivation of policymakers. Are they held accountable by voters
Do you think the benefits of government regulation exceed the costs? In what areas, if any, do you think the costs exceed the benefits? Cite an example of a company's efforts to circumvent government regulations. Is the use of loopholes ethical?
How has the demand of luxury and necessary goods changed over the past 5 years? In your opinion, why has the supply of fuel efficient vehicles increased over the past 5 years?
what have we learned about the sustainable use of resources and the ability to maintain the ability to produce into the
a government is currently operating with an annual budget deficit of 40 billion. the government has determined that
QUESTION 2. Explain how the achieved trust level of a companys communication using blogs and social media compared with similar communication efforts conducted using mass media and personal contact?
The demand curve for gardeners is Ed = 39 - 2w, where E = the number of gardeners, and w = the hourly wage. The supply curve is Es= 4 + 3w. What is the equilibrium wage and equilibrium number of gardeners hired? How much does the government receive a..
A car dealership is considering lowering the price of its min vans to promote sales. However, it worries that this will reduce sales of it station wagon autos. It finds the cross product of demand to be 1.5. Are its concerns legitimate? Explain.
exercise 1the following production plans are feasiblethe negative numbers stand for inputs and the positive one for
one reason for rising interest rates was the prospect of a refinancing issu; a $12 billion issue matures April 1 , and the governmoent is expected to seek some new money ,in excess of its refinancing needs. why dosent the government get the center..
1. suppose the interest rate for a one-period bond is 4.a what is the price of an asset paying 111whichmeans 1 after 1
On the evening of the vote, local union officials voiced serious objections to this statute. Outline the basis of the argument most likely used by union officials.
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