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"The Government and Social Responsibility" Please respond to the following: •From the scenario, explain how government grants would influence the business's operations. Be sure to emphasize the taxes, social benefit, and price level for both substitute goods and current products. •Give your opinion on whether or not you support government-funded programs within the scope of taxation and government spending. Be sure to include the influence on the business operation, purchasing power, and income distribution in the economy. . Week 10 Discussion 2. "Social Security and Medicare" Please respond to the following: •From the e-Activity, list (1) each change that you selected to fix social security and (2) your single overall deficit / surplus that was calculated as a result of those changes. Of your selected changes, identify the change that you believe will play the greatest role in fixing social security and explain why. •Give your opinion on whether health care should be something that can be excluded from being consumed. Additionally, take a position on whether or not the government should be responsible for supplying health care in the economy. Provide a rationale for your answers.
assuming that overall taxes are cut by 10 percent across the board. What will this change do to disposable income, consumption, and the multiplier
Since food, in large measure, affects the real income of households, increasing prices will eventually push up wages and have an impact on the aggregate supply curve. Central banks were very worried about the prospects for inflation becoming gener..
Compute the opportunity cost of an increase in the number of hours spent studying in order to earn a 3.0 GPA rather than a 2.0 GPA. Find out opportunity cost of an increase in income from $100 to $150.00
Suppose that you agree with the 16-percent rate of return proposed by the company. What factors need to be considered when setting rates designed to achieve this factor?
Competitive industry, market determined price =$12, Output = 50 units, ATC = $10, Marginal cost = $15, AVC = $7-Is this firm making the right profit maximizing decision? If yes, why and if not, what should this firm do?
If Apple reduced its price for the shuffle, what do you think would happen to their profit? What impact would the price decrease have on their competitors? Explain by considering the elasticity of shuffles).
Q=aK+bL, where a and b are the coefficients of capital and labour respectively. Q refers to output, K refers to capital and L refers to labour. show that the marginal rate of substitution between capital and labour is MRTSKL=b/a
How does a firm then maximize their total revenue? Describe the relationship of the demand curve and total revenue curve, indicating which of the four types of market structures market power like this would occur (i.e., perfect competition, monopo..
Assuming that the merger faces some threats and that the steel industry decides on self-expansion as an alternative strategy, describe the additional complexities that would arise under this new scenario of expansion via capital projects.
A firm that sells e-books – books in digital form downloadable from the Internet – sells all e-books relating to do-it-yourself topics home plumbing, gardening, and so on at the same price.
About thirty United States localities circulate their own currency with names like "Ithaca Hours" and Dillo Hours." Doing so is perfectly legal although through law they are subject to a 10% federal tax, which currently the government is not collecti..
What will price and output be if there is no dominant firm? Now assume that there is a dominant firm, whose marginal cost is constant at $6. Derive the residual demand curve that it faces and calculate that it faces and calculate its profit maximi..
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