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What are the implications of outsourcing key public responsibilities to global corporations for the Australian state and society?
Consider an exchange economy with two agents Ann and Bob. There are two goods apples and oranges. Ann is born with 25 apples and 75 oranges. Bob is born with 75 apples and 25 oranges. What is the demand for apples by Ann. What is the total demand for..
In each of the following cases, in the short run, determine whether the events cause a shift of a curve or a movement along a curve. Determine which curve is involved and the direction of the change.
Two goods are substitutes if an increase in the price of one good leads to an increase in demand for the other. The market system works by getting each person, motivated by his or her own self-interest, to produce products for other people. Markets e..
How has the emergence of different types of health insurance plans—FFS, health maintenance organizations (HMOs), preferred provider organizations (PPOs), and capitation—affected the trends in healthcare services today?
Discuss the effect that an increase in interest rates will have on financial stability of the company, the common stock of the company, and the bond issues in the marketplace.
Consider the term political economy, and how it's applied to the field of political economy uses the tool.
Read the following scenario. The dilemma known as the "tragedy of the commons" was first described in an influential article written by Garrett Hardin and published initially in the journal Science in 1968.
Why is U.S. Government spending crucial to the creation of higher "new equilibrium levels"? Is this good for the macro-economy? Explain why or why not.
Which of the following statements are true about both monopolistic competition and monopolies?
In 2011, First National Bank received 3,200 inquiries due to its monthly advertisement in the local newspaper describing its 30-month CD accounts. In the same period, the bank’s monthly ads in a regional business magazine generated 1,000 inquiries. A..
A tax imposed on the supplier of Blu Ray players shifts
Assume that a monopolist has a demand curve given by P=1500-4Q, and TC= 100 + 5Q2 with MC=10Q. Calculate the dead weight loss. Calculate the consumer surplus and producer surplus.
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