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Using a figure, or otherwise, show why this optimal policy rule will not work.
Explain why a competitive market would generally lead to too much output and consumption of the good if production of the good generates a negative externality.
Explain the challenges in measuring consumer surplus of a free product like major online applications, such as Facebook and Google Search. Explain how to quantify the gains that the internet has brought to consumers
Investigate the distribution of income in the United States from the 1960's. The Bureau of Labor Statistics (bls.gov)or the US census government website census.gov may be good sites. Is wealth distribution and income distribution the same thing? Are ..
An economy has the following eqn for the Phillips Curve: pi=Epi - .5(u-6) People form expectations of inflation by taking a weighted average of the previous 2 years of inflation: Epi=0.7pi-1 + 0.3pi-2 Okun's law for this economy is: (Y-Y1)/Y-1 = 3.0-..
As you begin to think about the nature of Economics and issues within the realm of macroeconomics, this web assignment will guide you through perusing pertinent
Suppose that Iggi and Kurt begin trading ice cream and waffle cones with each other. Elucidate price of waffle cones (in terms of ice cream scoops) would benefit both Iggi and Kurt and make both individuals willing to trade.
Select an organization that you have a solid working knowledge of (an employer past or present is recommended) and conduct SWOT analysis for that organization.
a. What are her accounting costs? b. What are her opportunity costs?
Consider a subway company whose cost function is given by C(T) = 1000 +T. Due to the government regulation, this company must set the fare per passenger at the marginal cost (MC pricing). Is this pricing efficient? Would this company run the business..
Problem: Suppose that the market demand curve for beer is described by the equation
Consider a U.S. firm's production of automobiles, including research and development (R&D) and component production.
Describe the evolution of strategic selling. What are the four broad strategic areas in the Strategic Selling Model? How do value-added selling strategies enhance personal selling?
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