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Considering the USA, a. describe how a push for economic equality might reduce incentives to work and produce output. b. Then, describe how a push for economic equality might actually increase incentives to work and produce output. It is NOT okay to opt out of either part A or B by saying they are impossible, do not exist, etc.
Ralph's Travel Agency had accounting profits of $50,000 and implicit costs of $30,000. What were economic profits?
There are 100 dog kennels in Atlanta. An economist studying the pricing behavior of dog kennels tells you that she is limiting her analysis to a time period that does not allow for any new dog kennels to enter the industry or for any established dog ..
If you want a 12% rate of return, continuously compounded, on a project that will yield $6000 at the end of 21/2 years, how much must you be willing to invest.
From 1990 to 1997 in the United States, the number of working men grew by 6.7 percent; the number of working women grew by 11 percent. During this time, average wages for men grew by 20 percent
Suppose the demand curve for a product is given by Q = 300 - 2P + 4I, where I is average income meas- ured in thousands of dollars. The supply curve is Q = 3P - 50.
mr. omondi demand function for rice is given bynbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbsp x 15 m 25p -1where x
What price will the firm charge, what will be its optimal output level, and what is the firms total economic profit/loss? Please provide your own answers.
Why might an economist see virtue in the concept of trade adjustment assistance (TAA)? What difficulties might be encountered in practice in the implementation.
Why are supply shocks so much harder than demand shocks for monetary policy to adjust to? Use the graph below to show your answer to this question.
The following data refer to a hypothetical economy: Consumption = 100 + 0.8Yd Investment = 150 Government = 200 Exports = 200 Taxation = 02Y Imports.
Describe how a decision maker can use each of the following to "skew" the results of a B/C ratio analysis in favor of his or her own position on funding project
Illustrate in the form of diagrams, the effects, various changes have on demand and supply of a particular good or service and explain briefly your diagrams.
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