Reference no: EM13893277
1-Which of the following are likely to increase the demand for heroin?
a) An increase in heroin users' incomes, assuming heroin is a normal good.
b) Laws making it more difficult to obtain Oxycontin and Vicodin, which are consumption substitutes for heroin.
c) The expectation the heroin is less harmful than previously thought.
d) All of the above will increase the demand for heroin
2-Suppose that Jane Margolis is an addicted heroin user. Ceteris paribus, if the murder of some of the heroin dealers in town causes the price of heroin to rise, we would expect that ___relative to that of a recreational heroin user.
1) Jane's quantity demanded will fall by a relatively large amount
2) Jane's quantity demanded will fall by a relatively small amount
3) Jane's quantity demanded will increase by a relatively large amount
4) Jane's quantity demanded will increase by a relatively small amount
|
Constitution were directly influenced
: Indicate two ways in which the framers of the United States Constitution were directly influenced by the thought of John Locke. Indicate one way in which they diverted from, expanded upon, rejected, or otherwise revised Locke's thinking.
|
|
Persuasive in explaining the behavior of political actors
: Is elitism or pluralism more persuasive in explaining the behavior of political actors, individuals, and groups of individuals when they interact with government? What core assumption about human beings do both philosophies make to drive their assump..
|
|
Firms long-run average total costs of producing
: Suppose that a firm’s long-run average total costs of producing an individual income tax return is $75 when it produces 1,000 returns and $75 when it produces 1,200 returns.
|
|
What is likely impact of this act in the market for meth
: One component of the Patriot Act of 2006 was the "Combat Methamphetamine Epidemic Act", which prohibited the over the-counter sale of cold medicines that contain pseudoephedrine (which is commonly used to make meth). Ceteris paribus, what is a likely..
|
|
Increase the demand for heroin
: Which of the following are likely to increase the demand for heroin? Suppose that Jane Margolis is an addicted heroin user. Ceteris paribus, if the murder of some of the heroin dealers in town causes the price of heroin to rise, we would expect that ..
|
|
Relationship that can be modeled with simple regression
: Write a 4-5 page paper in which you: 1.develop and discuss a relationship that can be modeled with a simple regression.2. State the model in mathematical terms. 3. Estimate the model and interpret the meaning of the coefficient estimates.
|
|
Average total costs of producing an individual income tax
: Suppose that a firm’s long-run average total costs of producing an individual income tax return is $75 when it produces 1,000 returns and $75 when it produces 1,200 returns. For this range of output, the firm is experiencing
|
|
Government regulation preventing the reselling of tickets
: Alex is willing to buy the last ticket to the Billy Bragg concert for $15, while Jake is willing to pay $25. Alex is first in line and buys a ticket for $15. Alex could sell his ticket to Jake for $20, but he can't because of government regulation pr..
|
|
What is the equilibrium quantity and equilibrium price
: What is the equilibrium quantity and equilibrium price for the following demand and supply curves:
|