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The U.S. government administers two programs that affect the market for cigarettes. Media campaigns and labeling requirements are aimed at making the public award of the health dangers of cigarettes. At the same time, the Department of Agriculture maintains price supports for tobacco. Under this program, the supported price is above the market equilibrium price and the government limits the amount of land that can be devoted to tobacco production. Illustrate graphically the effects of both policies on the market for cigarettes. In your discussion answer the following: Are these two programs at odds with the goal of reducing cigarette consumption?
1. if a firm makes a loss in the short run should it shut down? if no discuss. if yes discuss.offer examples2. do think
current event1. with an economic perspective write a brief summary of the current event article2. write your opinion
Select one topic. This will be the subject you will research over the course of the quarter. You will submit an outline of your paper in Unit 4 and a draft in Unit 6.
You are a newspaper publisher. You are in the middle of a one-year rental contract for your factory that requires you to pay $500,000 per month, and you have contractual labor obligations of $1 million per month that you can't get out of.
what are the capital (k) and labor (L) elasticities of production? What do these elasticities tell you? Log Q=-1.5+.52log k+.65log L
Consider an industry made up of 8 firms.the market shares of 6 firms are 10% each. The market shares of the remaining two firms are 20% each. would a merger between firms 1 and 2 be likely to be challenged by the government
Why are common borders and cultural similarities often an additional factor to determine who trades most with whom and why? Use your knowledge of the gravity model to justify your answer through two suitable examples.
suppose that the firms initial demand curve had been p 5000 - 50q and that it shifted inward to p 4000 - 50q. assume
consider the following data on canadian
This table summarizes the results from an experiment like yours. Compare the outcome under free access with the three outcomes in which the government uses licenses to limit the catch. Roughly how much additional protein is there for the econo..
a. it is often suggested that the bank of canada try to reduce the inflation rate to zero. if we assume that
The value of good A goes up. As a result the demand for good B shifts to the left. From this we can infer that, Suppose that the current market value is below the market clearing level.
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