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The essence of the story (1 to 2 paragraphs): Introduce the issue, who is interested in it and why.
• The economic analysis (3 to 4 paragraphs): Explain how you can present the issue in terms of economic concepts and theories you have learnt in class.
• Explain your view (2 to 3 paragraphs): Explain what actions you would recommend to the key players and/or policy holders.
• Explain how the above analysis supports your conclusion (1 to 2 paragraphs).
You may provide graphs/charts/diagrams where necessary to enhance your presentation style.
You need to attach a copy of the article with your assignment.
what is limit pricing? a suppose your firm produces a product at a constant marginal cost equal to 1. suppose the
In a study published in 1980, B. B. Gibson estimated the following price and income elasticities of demand for six types of public goods:
What were the opportunity costs of investments in the GMB project? What projects would you recommend for other cities/regions facing problems of industrial decline?
there are three major network affiliate television stations in hicksville rbc cbc and mbc. all three stations have the
1) Which of the following is NOT a financial asset?
When the Fed sells government securities, it: Increases the amount of excess reserves that banks hold, discouraging them from making loans to the general public.
Is the relationship between MSBPSD and MSBNON reasonable based on the legislated distinction between PSD areas and nonattain- ment areas? Briefly explain.
When a tax is placed on a product, the price paid by buyer and using the above figure, if your city imposes a tax of $100 per apartment:
a. sketch the aggregate demand short-run aggregate supply and long-run aggregate supply of an economy in long-run
suppose the business operations have now changed from the market structure specified in the scenario. determine two 2
Question 2: Why is it that a profit-maximizing businessman would always raise prices when facing an inelastic demand curve, but might or might not raise prices when facing an elastic demand curve? Explain and justify your answers in detail.
Describe briefly the determinants of income levels and economic growth according to the models and frameworks discussed in class.
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