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What are Pros and cons of bail reform? Why should bail be reformed?
Consider a firm for which production depends on two normal inputs, labor and capital, that are not perfect complements. Initially the firm faces market prices of w = 10 and r = 8, for labor and capital. These prices then shift to w=7 and r=7. Can we ..
One approach that government can use limit the right to pollute would be by issuing pollution permits. Without a pollution permit, compan's aren't allowed to emit pollutants into air,
Describe when a principal may be liable for tort when an agent is acting on behalf of a principal. Identify and describe how an agency relationship is terminated.
Price discrimination is a quite common phenomenon in a market economy. Choose any FOUR (4) price discrimination strategies and explain how producers of hand- sa
1) Explain how a tax could reduce the sales of cigarettes. 2) Explain whether the demand for cigarettes is elastic or inelastic.
Describe the relevant criteria that the Australian Bureau of Statistics use to determine whether a person is ‘unemployed' and what problems do you see using this measure?
A firm just invested $600,000 in a manufacturing process that is estimated to generate annual cash flow of $250,000 for each of the next five years. At the end of year 5, there is no market for the product and no salvage value for the process. If a m..
The market demand is P=100-1.5Q and marginal & average costs are constant at 10 (MC=AC=10) find the monopoly price and quantity. Find the perfect competition price and quantity. Calculate profit, social welfare (consumer and producer surpluses), and ..
Which of the following fed actions will increase bank lending?
Opponents of free trade often argue that trade must be restricted in order to save domestic jobs. As a free-trader, how would you counter this argument?
If stakeholders are wrestling with implementing a price increase for some or all of their products in the healthcare industry. What are some factors they should consider? How is this related to healthcare price elasticity?
Define Elasticity and provide a graphical representation of demand curves that inelastic and elastic.
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