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Many states are creating law that makes the sale and use of marijuana for medicinal purposes legal, yet at a federal level, this is still illegal. How is this possible? Isn't state law supposed to be inline with federal law? perform some research on this subject and post your ideas on how these laws can coexist.
Reliable packaging is a perfectly competitive firm. Its output is 20,000 units a day; its daily total revenue is $750,000; its average total cost is $37.50; and its average variable cost is $27.50. It is operating at the output level where average to..
A paper company dumps non-degradable waste into a river that flows by the firm's plant. The firm estimates its production function to be: Q = 6KW, where Q = annual paper production measured in pounds, K = machine hours of capital, and W = gallons of ..
Find the predicted compensation with the productivity of 100. What is the residual for the observation of the base year, 1992?
Explain how the strength of the economy as a whole could affect the marginal benefits also the marginal costs associated
Suppose that on January 1, 2020, the population of a country is 100 million. During 2020, there are 1 million births and 500,000 deaths. In addition, 2 million people immigrate to the country while 500,000 emigrate. What is the population on January ..
When computing the p-value for a two-tailed hypothesis test, we need to
On July 1, 2017, the beginning of its fiscal year, Ridgedale County recorded gross property tax levies of $4,200,000. The county estimated that 5 percent of the taxes levied would be uncollectible. As of April 30, 2018, the due date for all property ..
Describe how the economic theories and principles you have studied in this course have deepened your thinking about economic behavior.
Compute the short- run and long- run results, explain the changes in the price and in the number of firms.
Assume that the government’s economic outlook is shaped by Keynesian economic philosophy and policies. i) Explain and use the AD/AS model to show what happens if there is no government or central bank intervention in the economy from both a short-run..
The Dallas Electronics Company is considering replacing an old, 1,000-pound-capacity industrial forklift truck. The truck has been used primarily to move goods from production machines into storage. Compare the after-tax EUAC of owning versus leasing..
Describe how, if at all, each of the following developments affects the AD and/or IA curves: Suppose that there is a technological disaster that makes workers less productive than before. Assume that initially output is at its natural rate. Suppose ..
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