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1. What is happening to inequality in the USA in terms of economics? how might this affect future economic growth in America? Explain.
2. What are some of the social costs of inequality in America and other societies?
Compare the efficiency of monopolistic and perfectly competitive markets. Discuss the economic factors that lead to the development of monopolies. Examples of monopolies include electric utilities, railroads, airlines, cable television, and sports le..
An article in the Chinese economy in 2012 notes that business inventories had been increasing. As a result, the author argued: "China's growth rate will not be as robust as it has been over the last few years, as the economy needs to work off this ex..
1. What is the difference between a desirable and a undesirable functional dependency? Describe the nature of the problems caused by undesirable functional dependencies.
What is the contract curve inside the Edgeworth box for two consumers “you” and “me”? In terms of overall welfare between two consumers, is it better to be on or off the contract curve. Why or why not?
What is each fisherman's profit-maximizing output now. Find the market price and the total output.
What is the linear relationship between Fahrenheit and Celsius? Since the relationship is linear, you only need the following two points to calculate the relationship.
q1. banking system presently has 200b of bank explanation none of which are excess. citizens clutch only deposits also
The following data represents a firm serving a transportation market. Total Output Total Revenue Total Cost 0 $0 $1,000 1 $1,700 $2,000 2 $3,300 $2,800 3 $4,800 $3,500 4 $6,200 $4,000 5 $7,500 $4,500 6 $8,700 $5,200 7 $9,800 $6,000 8 $10,800 $7,000 9..
The Shockers Company is considering making a bid to buy Pacific Gulf Petroleum (PGP) Company. PGP has several oil wells producing 200,000 barrels per month. It is expected that the oil production will increase 2% per month for the next 3 years.
A semiconductor manufacturing facility is considering 2 different scrubbers to reduce its HLC emissions and comply with state air quality standards. Option one is a wet scrubber option 2 a dry scrubber. The dry scrubber cost $300,000 to purchase $24,..
The following questions refer to the following graph of a consumer's indifference curve. What is the consumer's marginal rate of substitution between points A and C? What is the consumer's marginal rate of substitution between points C and B?
If a natural monopolist is forced to price at marginal cost, does surplus increase or decrease and why? I thought that consumer surplus increased more than the producer lost because now production would be where MC crosses D rather than where MC cros..
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