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Suppose the position of political candidates on all issues can be ranked on a scale ranging from conservative to liberal. The more conservative a candidate, the less the quantity of public goods he will supply. Suppose as well, that all voters favoring liberal candidates will vote, while only 50% of those favoring conservative candidates will vote. Create a graph to show how the political equilibrium will differ from an election in which all citizens vote. Explain. Create a graph on a spreadsheet program.
Jennifer divides her income between coffee and croissants (both of which are normal goods). The government has decided to impose a tariff on coffee beans in order to promote the coffee industry in Canada. This tariff results in an increase in the ..
Assume your bank increase its minimum-balance requirement for free checking on checking accounts by $500. You take $500 out of your passbook savings account
Suppose the government institutes a new sales tax on shoes, which are produced by a competitive constant-cost industry. a. Does the price of shoes change by more in the short run or in the long run b. Does the industry-wide quantity change by more in..
suppose Arnor and Gondor are two very similar countries that started out with identical population, technologies, etc. except that Gondor has a much higher mortality rate due to a more hazardous geographical location.
Suppose the French suddenly develop a strong taste for California wines. Answer the Following with words and a Diagram:
You are considering buying a new car with a part of your student loan dollars as you really do not need the extra cash now. You have two alternatives with the following cost structures. Speedy Initial cost = $20,000 Annual operating cost = $8,000 U..
a bank has da 2.4 years and dl 0.9 years. the bank has total equity of 82 million and total assets of 850 million.
Illustrate what would you expect to happen to the total expenditures on good X.
Explain how has technology impacted the workplace over the last ten years. What impact have these changes had on costs and prices.
(a) What is market concentration and how can you know whether a market is concentrated or not (b) What are the causes of market concentration (c) Are business mergers good or bad for the economy Explain why
The city of Bookburg initially allows only one book store, which sells books at a price of $20 and an average cost of $11. Suppose the city eliminates its restrictions on book stores, allowing additional stores to enter the market. According to an..
Level 3 rewards its senior executives with OSO options, whose value is based on Level 3's stock market performance relative to the performance of the S&P index. The option only has value if Level 3's stock outperforms the S&P 500.
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