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Question: a. With a quota of 40 tonnes a month for the tuna fishing industry, what is the equilibrium price of tuna and the quantity of tuna that fishers catch?
b. Is the equilibrium an overfishing equilibrium?
some companies, referred to as patent trolls, whom purchase these patents in hopes of making money by enforcing patents against alleged infringers. Determine the impact of government regulation against patent trolls. Identify who wins and who lose..
assume that the drug company can negotiate with the us and foreign governments and thus tries to implement the two-tier
What will be the immediate impact on wages in each of the regions in the short run (before any migration between the North and the South occurs)?
A small plant has been constructed and the costs are known. A new plant is to be estimated with the use of the exponential (power sizing) costing model.
i draw the budget line and the relevant indifference curve for a consumer who is initially a borrower. indicate the
Identify and describe a business crisis situation and the main leaders involved. It could be one that you have experienced or have read about. Be sure to include a discussion of ethical implications.
Analyze the economic theory used to complete the policy solution and determine the impact on the appropriate stakeholders.
If we observe the consumer choosing x = (x1, x2) when y = (y1, y2) is availableone time, are we justified in concluding that x y?
Health expenditures in the U.S. have increased from 5% of GDP to 17% of GDP over the past 50 years. List and explain the 3 reasons for this increase.
Gordon lists his old Lionel electric trains on eBay. He sets a minimum acceptable price, known as his reserve price, of $75. After five days of bidding, the final high bid is exactly $75. He accepts the bid.
1. Consider two individuals, Fred and Barney. In one hour, Fred can produce either 15 gallons of beer, or 3 gallons of wine. In one hour, Barney can produce 2 gallons of beer or 4 gallons of wine. Assume both goods can be produced in continuous quant..
What incentives do pharmaceutical companies have to undertake R&D in medicines for treating AIDS? Malaria? Erectile dysfunction? What can policymakers do about this?
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