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Suppose the government needs workers to repair bridges destroyed by a typhoon. From the perspective of normative economics, what differences does it make whether able-bodied citizens are compelled to work on the bridge or whether a workforce is recruited through a normal process of making job offers to applicants and relying on their voluntary acceptance.
Occupational licensing can accomplish which of the following?
Today (year 0) a new 7-megaWatt (MW) solar panel farm is constructed at a cost of $14 million. Four years from today, a smaller 6-MW solar farm will be added to the existing farm. The inflation rate on solar panel construction projects averages 8% pe..
A project has cash flows of -$12,000 in Year 1, +$5000 in Years 2 and 3, -$2000 in Year 4, and +$6000 in Years 5 and 6. Find the interest rate of 12%. Find the interest rate that gives a net present value of zero.
Explicates how every of these public polices involves demand for cigarettes by teenagers.
Discuss how the two alternatives listed differ on the public-private continuum. Also describe how appropriate public policy might differ as the industry moves.
When the price of gasoline increased from 3 to 4 dollars per gallon, the demand for gasoline decreased from 100,000 gallons to 90,000 daily. Also, the demand for a $50,000 SUV dropped from 3000 to 2500 cars per month. Estimate the change in the total..
You have been appointed head of university parking enforcement. Your mission is to eliminate illegal parking. Car drivers are completely rational expected utility maximizes. They have utility functions given by u=x(1/2) where x is $ of consumption on..
The consumption function is C = $400 billion + 0.6Y and the government wants to stimulate the economy. By how much will aggregate demand at current prices shift initially (before multiplier effects) with:
Illustrate what is the maximum profit. Suppose that the fixed cost rises to $200,000. How would this affect the profit-maximizing price.
Suppose the welfare benefit formula is. How large is the benefit if wages equal. What is the marginal tax rate on.
In the 2004 presidential campaign, John Kerry suggested that our goal in fighting terrorism was to return to a situation in which "terrorists are not the focus of our lives, but they're a nuisance." Which side better captures the economic principle t..
Develop a brief presentation assessing the economic, legal, and political environments of your country, Briefly describe the country's history and its relevance to its current political, economic, and legal environment
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