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What are some of the online fraud schemes that you have heard about, and what do you think is the next online fraud scheme that will make the 5 o'clock news?
What qualifications do you think would be required to be categorized as an expert witness? Are these qualifications required by each state and the federal government?
During a specific period of time, the average price of long-distance calls fell from $0.25 per minute to $0.15. As a result of the drop in price, average long-distance calling per person per month increased from 300 minutes to 400 minutes. Using the ..
For a small firm in an extremely competitive industry, marginal revenue is always equal to price because: each firm has large fixed costs. if consumers increase their demand for the product, producer surplus falls. each firm has large economies of sc..
Assume that the product depicted below generates external costs in consumption of $3 per unit. What is the market price (market value) of the product? What is the socially optimal output?
Assuming that the marginal cost is zero to provide the rides to those in attendance, what is the best pay-per-ride price
A proposed regulation regarding the removal of arsenic from drinking water is expected to have an annual cost of $200 per household per year. If it is assumed that there are 90 million households in the country and that the regulation could save 12 l..
Consider two competitive consumers who have the same endowment, with positive current income plotted on the horizontal axis and positive future income on the vertical axis. Each consumer’s current income is taxed at the rate t1 and future income is t..
There are three types of plant: coal, natural gas, and hydroelectric. The three types of plants face the costs appearing in the table above.
In 2000, years prior to the growth of organic and natural food, Kellogg’s acquired Kashi Com. By 2008, Kashi sales had grown 24 times! By 2014, Kashi’s sales were down 17% from their peak. Further, it was determined that its cereals contained GMOs re..
How would you balance the goals of economic growth and environmental sustainability? To what extent are these goals necessarily in conflict? Which specific policies do you think are of greatest inmportance in promoting environmentally sustainable dev..
Do you think that a firm's market structure can change overtime? What happens to alter the market structure the firm competes in? Has the market structure your firm is in changed? Will it change in the future? Explain using examples.
On an international flight, you happen to sit across from the UN Secretary-General Ban Ki-moon (you were upgraded at the last minute). In casual conversation, he finds out that you have taken a course on Economic Development at the college level, and..
Consider a small landscaping company run by Mr. Viemeister. He is considering increasing his firm’s capacity. If he adds one more worker, the firm’s total monthly revenue will increase from $54,000 to $66,000. What is the marginal revenue product of ..
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