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Influenza is a common and potentially deadly virus, though vaccines offer some protection from the ailment. In your response, discuss the following issues:
Is there an economic rationale to justify government action to encourage citizens to receive an annual influenza vaccination?
Explain how each of the following policy options might work to achieve this goal:
i. Subsidies for producers
ii. Subsidies for consumers
For each policy option, explain the economic mechanics that underlie it.
Consider the market for laptop computers. The demand for laptops is Q = 1800 – 3P. Suppose the supply of laptops is given by Q = –200 +2P. What is the equilibrium price of laptops? What is the equilibrium quantity of laptops? What is the price elasti..
Does the concept of technological efficiency permit us to determine at which point on an isoquant a firm should operate.
One estimate of the price elasticity of demand for cigarettes puts it at 0.4: A 10 percent increase in the price of cigarettes
A chi-square test of homogeneity (independence) of counts in a contingency table tests whether counts are consistent(proportional) with the row and column.
You Sell Short 100 shares of USG which is currently selling for $55/share, and you pay a fee of $8/share. One year from now USG is selling for $35/share and you decide to Buy to Cover your Short position in USG. How much money did you make or lose?
What is the Standard Deviation of the sampling distribution?
The last doctor hired treated 1,600 extra patients in a year, while the last nurse hired treated 1,000 extra patients in a year.
Find the sample size needed to assure with 98 percent confidence that the sample mean will not differ from the population mean by more than 2 dollars.
Suppose the President gets Congress to pass legislation that encourages investment in research and the development of new technologies. Assuming this policy leads to a positive productivity change for the U.S. economy, use aggregate demand and supply..
What must the risk-free rate be? (Hint: Use CAPM) Enter the answer in 4 decimals e.g. 0.0123.
a. Calculate each firm's reaction function. b. How much output does each firm produce? c. What is the market price?
Reflect on one lesson you have learned from this course that opened your eyes to the complexity of 21st-century international trade.
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