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a) In your Advanced Microeconomics course you must do a group project with three other students. All will receive the same grade. What potential problem, discussed in the chapter, may you encounter?
b) Public Broadcasting Stations (PBS both radio and television) regularly solicit contributions from listeners and viewers. Only about 11% of the viewers/listeners contribute. Why?
c) Your friend applied for and was offered a one bedroom apartment in the Red Hook Houses, a public housing project, in Brooklyn. Is this a public good?
If the price per visit is given to be $25, at what level of visits will the maximum profit position be? What are the profits at this level? What is the quantity supplied?
According to a Wall Street Journal article "MCI, in New Phone War Skirmish, Files Suit over AT&T Ad Claims," MCI was upset with AT&T over allegedly false claims that AT&T's service is cheaper than MCI's. Suppose that the typical consumer is a small b..
Explain the role of the Federal Reserve, who monitors it and is it effective in its job? Evaluate one of the strategies of the Federal Reserve.
General Patton LTD generated $6,900,000 of gross income during its tax year and incurred operating expenses of $1,875,000. Property taxes on business assets amount to $140,000. The total depreciation deductions for the tax year equal $350,000. What i..
Consider a monopolist who faces a market demand curve for her product given by QD = 200 − 5p. The firm can product its goods using one of two technologies. Using technology A, what will be the equilibrium in the market? Suppose the market is made up ..
Why might we not expect free trade to affect the general unemployment level in the economy, but it will affect some more than others?
Healthy Supplies, an investor-owned healthcare supply chain, just paid a dividend (D0) of $4.57 per share. The current price of the stock (P0) is $43 per share. The firm’s required rate of return is 12%. What is the stock’s constant growth rate? How ..
Given these market characteristics, what is the Lerner Index equal to (as a function of quantity)?
Which in turn depends on the animal's access to grazing which depends on the number of llamas sent to the commons.
Manuela is known throughout her company that she fosters collaboration and communication. She is extremely hands-on with her team. She is an example of a/an _______ leader. A. interactive B. servant C. virtual D. democratic
The reservation wage for a worker will be higher when:
q.the muffler on your car suddenly needs repair also there are only two automobile repair shops in town. you drive to
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