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What are your future plans? Do you think learning economics will play an important role in achieving your goals in the near future? Briefly discuss.
The government levies an excise tax of five cents per unit sold on sellers in a competitive industry. Supply and demand curves have some elasticity with respect to value.
a. What is your expected income next year b. Suppose that you could insure yourself against the risk of reduced consumption next year. What would the actuarially fair insurance premium be
Electrical power costs at a mine are estimated to be $850,000 in each of the next 12 years. Find out the present value of this expenditure at an interest rate of 11%.
1. assume that all expenditure is summarized in the following consumption and investment functionsc 200 billion 0.8
The e-Activity presents two contrasting points of view. The employees who have been laid off and Weyco Incorporated have different interests and desires, and the decision made by Weyco to provide employees who smoke with an ultimatum-quit smoking ..
Explain why the productivity standard for the distribution of income entails rewarding people based on their contribution to societys total output. Why does the productivity standard typically fail to yield an equal distribution of income
questiona let the utility function be u logx - l where l is labour and x is consumption. find the level of labour
Explain why the European Central Bank cannot selectively change interest rates in any of the 16 EU countries that have adopted the euro—for example, lowering the interest rate to stimulate the economies of Greece, Ireland, or Spain, while maintaining..
consider the case of a single polluter and regulator. the regulator knows the marginal benefit of pollution abatement
what is the costbenefit approach that a typical economist takes to analyze regulations? what are the goals of taxation?
explain the viewpoints of classical and keynesian economists. how did the economy that existed at the time of these
What does the price elasticity of demand measure? what is the absolute value of the short-run elasticity of demand for bread has been estimated to be 0.15. Its long-run elasticity of demand.
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