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The compromises created in the Constitution to deal with the largest tensions at the Convention far from settled major issues facing the US; this failure to settle tensions has had contemporary consequences. Do you believe the Constitution could have better settled these tensions and still been ratified? How? You may choose to either focus on one particular tension or address all three.
The marketing division adds its own total costs of 5 + 3Q. In the competitive external market for X, the wholesale price is $10. The transfer price of X should
If the government purchases also taxes are both increased by $100 billion simultaneously illustrate what will the effect be on equilibrium output.
Consider an open economy in which the real exchange rate is fixed and equal to one. Consumption, Investmentnt, and Government spending are given by: Solve for equilibrium output in the domestic economy
A publisher with a geographic monopoly faces the following demand schedule for the next novel from one of its authors: the author is paid $2,000,000 to write the book, and the marginal cost of publishing the book is a constant $10 per book. Compute t..
Show graphically, and with a few well-chosen sentences how a Major League Baseball team can help both itself and consumers by vertically integrating its local broadcasting network. You may assume that both the team and the broadcasting network start ..
In certain industries, firms buy their most important inputs in markets that are close to perfectly competitive and sell their output in imperfectly competitive markets. Cite as many examples as you can of these types of businesses.
annual profits which estimate to be 85 million per yr for a 20 yr period. at a corporate MARR of 10% per year, Does project indicate it will make at least the MARR.
How might a recession combined with a financial crisis, as occurred in 2008-2009, complicate the job of policy makers?
If the federal government increases government purchases and lowers taxes at the same time, does the budget deficit increase or decrease? Discuss briefly with graphs
Consider the market for education. The marginal social cost of education (MSC) and the marginal private benefit of education (MPB) are given by the following equations where Q is the number of units of education provided per year. MSC = 10 + Q. Suppo..
Find the size of each of two samples (assume that they are of equal size) needed to estimate the difference between the proportions of boys and girls.
Discuss whether each statement is an example of positive economics or normative economics or if it contains elements of both: an increase in the personal income tax will slow the growth rate of the economy.
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