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1. In real life, it is difficult to know for certain the probability of intercepting terrorists; and it's also difficult to measure all the benefits of tourism, since many are intangible. (The article mentions, for instance, that people who visit the United States are more likely to have a favorable view of the country after their visit than before.) Does this mean that there isn't a tradeoff? What are the implications of such uncertainties for policymakers?
2. Suppose you were in charge of designing the border security policies for airports, seaports, and roadways in the United States. How would you go about finding the optimal level of security, the optimal level of commercial trade and tourism, and the optimal amount of sensitivity training for customs and immigration officials?
Use supply or demand graphs to examine shifts in supply and demand and resulting changes in market equilibrium in the condition below.
if Q = 60 − (1/2)P, and MC = 60, which means that MR = 60 how do you work out the price, which then allows you to work out the Q
Use the Porter's five forces framework to explain this pattern. Discuss possible profit-maximizing business strategies that artists, record companies, and retailers may wish to pursue.
You've been hired by an unprofitable firm to determine whether it should shut down its unprofitable operation. Help the management of the firm as to whether or not it should continue to operate at a loss?
Conduct an analysis of the demand for the organization product and or services by - Discussing the source of your numerical price and other data.
Determine the impact of the increase in the price of soybeans on the rental rate of land and determine the impact of the increase in the price of soybeans on the welfare (real wage) of labor.
What happens to consumer surplus and what happens to total surplus assuming the government sells the consumer
Using such areas as producing and information technology or any related industry or areas that have had high job growth rates explain a scenario that would cause a shift in labor supply and demand.
Many retail companies use mark up pricing? Setting price some percentage above variable cost (such as 50% above cost).
Analyze the roles of physical capital, human capital, technology, and natural resources in influencing long-run economic growth of aggregate output per capita, and how governments can contribute, or discourage long run growth through their policie..
Compute the equilibrium price and quantity. Describe why the output and price levels are different for X1 and X2. Explain what occurs to consumer surplus, producer surplus, and deadweight loss.
State the direction of the alternative hypothesis used to test whether the proportion of analysts correctly anticipating the Board's decision had changed. Type gt (greater than), ge (greater than or equal to), lt (less than), le (less than or equa..
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