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Given that the net gain to society of the innovation is positive, why might a government still want to suppress the innovation? (Hint: Does a government consider all consumer and producer surplus to be equal? How might this relate to the nature of the political system?)
Please select a brand and describe the marketing channel the brand will pass through on the way to the end user. How does this add value and costs?
Consider a person who can work up to 80 hours each week at a pre-tax wage of $20 per hour but faces a constant 20% payroll tax. Under these conditions, the worker maximizes her utility by choosing to work 50 hours each week. Show that the worker will..
Why is it so important to choose a market basket that reflects purchases that consumers actually make?
Suppose that during a given year, the quantity of U.S. real GDP that can produced in the long run rises from $17.9 trillion to 18.0 trillion, measured in based-year dollars. During the year on change occurs in the various factors that influence aggre..
The purpose of this assignment is to analyze a current events article (i.e., only one) that you may choose from any online current periodical, trade magazine, or other electronic publication about a global digital ethical issue. While this assignment..
Machine A costs $9000 to purchase and $5000 per year to operate. It lasts for 6 years, and has no salvage value at the end of its life. Machine B costs $16,000 to purchase and $4000 per year to operate. It lasts for 9 years and has a salvage value of..
Plan B allows a 7% credit with a 5-year MACRS schedule. For both plans, the credit is subtracted from the basis for depreciation.
What effects would each of the following have on aggregate demand or aggregate supply? In each case use a diagram in your notes to determine the expected effects on the equilibrium price level (P) and level of real output (Q). For each of the economi..
The bureaucratic form of government is so prevalent in public agencies and tends to result in a slower paced, less consumer oriented management
Illustrate what is the minimum price neccessary for this firm to produce any output in the short run.
There are 4 types of externalities considered by economists. Positive consumption externalities, negative consumption externalities, positive production externalities, and negative production externalities. You are asked to perform a market analysis:..
If many states can have balanced budget laws, why has it been so difficult for the federal government to pass and/or stick to attempts to balance the federal budget? How might the very existence of balanced budget laws in some states make it difficul..
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