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(a) Do you believe that noncompetition agreements should be allowed in regard to healthcare professionals, and why or why not? (b) Assuming these agreements are allowed, what do you believe are reasonable restrictions as to time and geographical limits? (c) What challenges and problems would confront a healthcare professional in litigation over the enforcement of a noncompetition agreement?
Consider the cap-and-trade system and the market for tradable pollution permits and answer all parts of the question. If all polluters adopt a more efficient abatement technology, how will it affect the permit price? Will the ambient environmental qu..
Elucidate how scarcity of resources influences this market and describe the choices stakeholders are forced to make.
Draw the pre-intervention optimized supply and demand equilibrium. Explain and show what effect it has on the polis.
Suppose the MWTP in periods 1 (now) and 2 (one year from now) is given by P = 8-0.4q. Marginal extraction cost = $2. r = 20%. The available supply is 20 units. Calculate the allocation of outputs across the two periods that maximizes the present valu..
Why is there a social cost to monopoly power? If the gains to producers from monopoly power could be redistributed to consumers, would the social cost of monopoly power be eliminated? Explain briefly.
Why, according to Keynes, is an economy in recession and why can such a recession be prolonged? Illustrate and discuss
Quantity effect of a specific tax. A regulator plans to impose a specific tax on a previously unregulated monopolist. Before imposing the tax, they want to know what the change in quantity produced will be from such a tax. The proposed specific tax i..
A new six-speed automatic transmission for automobiles offers an estimated 3% improvement in fuel economy compared to traditional four speed transmissions in front-wheel drive cars. If a four-speed transmission car averages 31 miles per gallon and ga..
Assume that a country’s real growth is 2 percent per year, while its real deficit is rising 5 percent a year. Can the country continue to afford such deficits indefinitely? What problems might it face in the future?
A firm plans to produce 1,000 units per day of good X. The firm’s production engineer finds two technically efficient processes (i.e., input combinations of labor and capital) to produce 1,000 units per day: If the firm must pay $200 per day for a un..
Consider a production function of the form Y = AF (K, N, Z), where Z is a measure of natural resources used in production. Assume this production function has constant returns to scale and diminishing returns in each factor. What will happen to outpu..
Conduct research on the current state of Social Security. Your 5 page paper should address the following: Explain the concept of Social Security as originally envisioned by President Roosevelt. Evaluate the viability of Social Security within the nex..
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