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A formal study of 3-branches of government and the way they effect intergovernmental relations necessarily focuses on executive, legislative, and judicial branches. However, lobbyists and the mainstream media increasingly have a role in how the branches of government interrelate, and how the federal government interacts with the state governments. Do you believe that the impact of lobbyists and the media upon the different branches of government represents a positive influence upon intergovernmental relations? What steps, if any, would you take to regulate the behavior of lobbyists and the media? Do you agree, as does the United States Supreme Court, that lobbyists and the media have a First Amendment right to inject themselves into the public policy process?
Why is it significant for managers to understand both short run and long run supply and demand? Please give one hypothetical or real life example which illustrates your response.
Assume there're three firms with the same individual demand function. This function is Q=1,000-40P. Assume each firm had the diffeerent cost function these functions are: Firm 1: 4,000+ 5Q
Discuss the opposing arguments as to whether consumer sovereignty should prevail in medical care.
Compute the industry price necessary for firm to supply 10,000, 20,000, and 30,000 pounds. Compute the quantity supplied by the firm at industry prices of $1.50, $2.50, and $3.50 per pound.
Determine which of the following is most likely to indicate statistically significant regression coefficient? Assume the price elasticity of the supply of cheese is 0.80. If the price of cheese rises by .20 percent,
If the government imposes a $1 per-unit tax, how do the marginal, average total, and average variable costs change? What if instead the government imposes a $100 per-firm tax?
Use demand and supply analysis to illustrate the changes in chicken prices described in the article. Describe what has happened in the corn and soybean-meal markets and how that has influenced the chicken market.
In your own words, describe the law of demand through the income and substitution effects, using a price increase as a point of departure for your discussion.
What are the marginal costs and benefits of pursuing additional education and inherent risks associated with this decision?
Suppose you manage a United States based firm that makes shoe laces that you sell in a highly competitive market your shoe laces are considered a standardized commodity through your consumers
Critics of the minimum wage discuss that as an antipoverty device it is "poorly targeted." By this they mean that:
Explain and discuss the differences between private goods, public goods, natural monopolies, and open-access goods.
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