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Question
Identify two products that are vertically differentiated, two that are horizontally differentiated and two that are both. Explain your answer.
How do government regulations affect supply and demand? In a paragraph, explain how a government regulation to increase bicycle safety might affect supply
Topic: Managing Employee Performance 1. Find a Tedtalk video related to the topic.
1. What are the four main categories of resources? Explain each of them. 2. (a) Explain what happens in the simple circular flow diagram?
Suppose that Tiffany has an income of $20 per week and she spends it on frozen pizza (P) and beer (B).The price of a bottle of beer (PB) is $1 and the price of frozen pizza (Pp) is $5 per pizza. Derive an equation for the budget constraint. What is t..
Why is it difficult for the Federal Reserve to shift the aggregate demand curve precisely? Please list at least 3 different reasons.
Over the past half century, the Amalgamated Metals Company -- a big firm in an oligopolistic industry -- has changed its price schedule many times in response to pricing actions initiated by an even bigger firm. Which term best describes the Amalgama..
The current payroll tax is 7.65% on both employers and employees (as of 2013). Who do you think bears the economic burden of this payroll tax—firms or workers? Why? Using the tax incidence approach, support your answers using economic principles.
Hint: Consider how elastic the saving was. Does the interest taxation increase equity without reducing efficiency?
What will happen if the growth rate of the money supply exceeds the growth rate of GDP? What will happen if the growth rate of the money supply falls short of the growth rate of GDP? What will happen if the velocity of the money supply decreases?
The term consumer sovereignty refers to...
The utility function and the prices are the following:
If the marginal social cost of the project is $10, what is the Lindahl equilibrium quantity of S? What are the Lindahl prices? Show all work/every step
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