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Why do you trade for things rather than produce them yourself? Would Americans in general be better off if they did not buy so many things from others? Why do you feel this way?
If a business is consistently making losses doing something segments of society see as valuable, should the government provide it with subsidies so it will be able to continue operating? (The local symphony might be an example of this condition.) Why or why not?
q.1. assume that you are to estimate the costs of eithera project proposal to construct a dam in your local area for
Three firms produce the same product with different cost functions. Firm 1's marginal cost is 10, firm 2's marginal cost is 8, and firm 2's marginal cost is 4.
Suppose that Canada exports aircraft and imports cloth. Show diagrammatically that if the relative price of aircraft to cloth rises in the international market, Canada’s welfare increases. What do you expect to occur due to substitution effect in the..
Suppose you can collect country level trade flows and GDP data. Explain how can you verify monopolistic competition model with data. Illustrate what do you expect is impact of transportation costs.
Laura has an undergraduate degree in economics and has been working as a utility rate analyst at the local electricity utility. If she continues on her present career path, the present value of her lifetime earnings is $250,000. Calculate the discoun..
The demand in Japan for gasoline is inelastic and therefore not very sensitive to market prices. Given that, describe the effect of each of the following on thequantity demanded or the demand for gasoline in Japan. Indicate whether the effect of each..
What assumption along with diminishing marginal product implies diminishing marginal rate of technical substitution?
firms raise capital from investors by issuing shares in the primary markets. does this imply that corporate financial
De?ne the deadweight loss of a unit excise tax on a particular good. What determines its size? Be as complete and speci?c as possible. In the market of part b, suppose that an excise tax of $1.40 per unit is charged to the sellers. Find the e?ect on ..
Over the course of this month he has to deliver to 50 spots. To do this job he has 4 possible combinations of output that he can use
Sometimes price cuts can have an unintended result of consumers waiting for deeper discounts. What does this waiting suggest about supply and demand?
"In a healthy innovative company, leadership supports innovation." Do you agree or disagree? Are there variations across industries or fields? Provide examples to illustrate and support your position.
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