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Consider a city whose businesses have been a world leader in the production of and innovation in GadgetsTM for the past century. More recently, climate change has changed sea levels in ways that make the "East Side" of the city uninhabitable. Fortunately, all of the innovators were located in what used to be the "West Side" and are not directly affected. What used to be the "downtown" is being promoted as the "New East Side" and, given new building on the far west of the city, what used to be the "West Side" is being promoted as the "New Downtown". Some businesses are forced to move because of flooding. Would any of the other commercial businesses in this city want to move in the new equilibrium?
Suppose that the average cost of producing product X is constant and equal to the marginal cost which is $120. The demand for X is given by Qd = 2700 – 10P Now suppose the government imposes a $30 per unit tax on X. What is the price received by sell..
Do you believe that a company integrating ethics into its strategy and design can provide great returns to stakeholders as well? Explain why this is your belief and support your opinion with examples
Find the sample necessary if in a prior study, a sample of 200 people showed that 40 traveled overseas last year.
What is one weakness of tax-cut, which could render it ineffective? What is one weakness of easy-money policy, which could render it ineffective?
a) Discuss the different forms government failure b) Using a diagram explain how the money stock is determined?
What is the difference between the short run and the long run? Explain the difference between total product, marginal product and average product. What is the relationship between total product, marginal product, and average product shown by the law ..
The impact of labor migration on patterns of international trade depends on the characteristics of the labor migrants. In which cases might migration expand trade? World income? In which cases might it reduce trade and world income?
Now suppose we switch and use 2009 as the base year (2009 = 100). What is the CPI for 1995 with the new base year?
Assume the demand function for good X is Qd = 600 - 2PX + 7PR, illustrate what is the demand function for good x. Which investment produces a $40 daily profit for a game shop earning $2 profit from every game sold.
a. Do you believe Ronald Coase would support or oppose the legalization of marijuana? Why? Please explain.
List and explain any externalities in consumption that exists for kindergarten through 12th grade education. Use caution in your economic reasoning and Analysis, and take care in the use of graphical display.
Alpha Industries operates in a highly competitive market. While there are a few other firms in the industry due to the high fixed costs of building plants, rival firms are very aggressive in their pricing strategies. Of the products sold in the indus..
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