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Politicians have incentive to support special-interest groups at the expense of unorganized, widely dispersed groups (for example, taxpayers or consumers)
Name at least 10 goods and services for which the demand would be elastic or inelastic. What determines the price elasticity or inelasticity of demand of a good or a service Explain by referring to the list you have compiled. Submit your work in t..
Which of the following is a kind of decision that can be made at margin. whether to hire new workers or not ,whether to go on vacation or not or else.
How would you predict these would impact the value of the dollar on foreign exchange markets - How, in turn, would these low interest rates impact our balance of trade? Explain your answers.
"Monopoly" Please responds to the following: Identify a company in your local area that you would classify as a monopoly. Describe why you classified the company as a monopoly and state how the company relates to at least two characteristics of that ..
Find the market equilibrium price and quantity - What is the new LRATC if Microsoft were to double the number of copies?
Opportunity Cost of Macroeconomic and Microeconomic EventsThe market system cannot supply each person with an unlimited amount of resources, so choices must be made. Given the following events,
Although there is relatively little difference in the cost of producing hardcover and paperback books, these books sell for very different prices. Explain this pricing behaviour.
Read the newspaper article "The Landlords: Two Sides of a Coin" by Diane Wedner in the Los Angeles Times - Use the article to explain the costs and the benefits associated with rent-controls
A monopolist has the following cubic cost function TC = 0.08Q3 - 8.2Q2+ 2000Q + 32000 If the market demand function for the firm's product is P = 3400 - 14Q- What is the monopolist's profit maximizing combination of price and quantity? What is the ..
Monetary policy is a hotly debated issue in government sectors. Decisions about these policies directly affect you as both a consumer, business person, and citizen. Discuss the current monetary policy of the Federal Reserve. What are they trying to a..
Consider an investment portfolio of $50,000 in stock A and $50,000 in stock B. The expected value of A is 9.5% and B is 6%. The variance of A is 13% and the variance of B is 8%.
Assume that a firm operates with the production function Q(K.L)=KL1/2 and assume that the price of labor w=$4 and the rental rate for capital r=$2. without doing any calculations, sketch a representative LTC and LAC curve for this production functi..
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