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You are an aide for the Senate Banking Committee Chairman. He comes to you with a bill that proposes setting limits on what ATM owners can charge non-account holders, over and above what banks charge their own customers. Currently, large banks charge noncustomers an average fee of $1.35 per transaction in addition to the fees the customer's own bank imposes. The Senator asks you to look at a proposal that would place a $0.50 cap on the fees ATM owners can charge noncustomer for accessing their money. If this legislation were enacted, what would be the likely effects?
Marx argues that economic changes are the source of class conflict and potential social change. Explain Marx’s argument by either using the historical example of the transition from feudal production to capitalist production, or explain this by perha..
A firm with fixed costs always has losses for low levels of output. A firm with fixed costs must incur economic losses if it chooses not to produce output. A firm with fixed costs can’t maximize profit in the short run.
Suppose that there is a unit mass of consumers who are uniformly distributed on the segment[0,1]. Two firms are located on the line and sell identical products.
Explain what type of labour market interference is most often experienced by men and which type is most often experienced by women. Make sure you define each of the two types of interference.
q.before the gulf war kuwait had the capacity to produce a certain amount of oil from its oil wells. after the war it
Figure 1 shows the shortrun cost curves of a toy producer. The market has 1,000 identical producers and Table 1 shows the market demand schedule for toys. At a market price of $21 a toy, what quantity does the firm produce in the short run and does ..
The following equations represent supply and demand functions for electricity in a certain city: Compute the net surplus (= PS+CS - total environmental external costs) at private market equilibrium and social efficient market equilibrium.
Suppose a protective tariff on shirts is initiated in Country X, which had been importing them from Country Y. Among the following groups, who gains an who loses (short term)?
Payments to hospitals from private insurers can be characterized as having reached which stage of a typical financial reimbursement cycle? Which of the following statements about the certificate of need legislation is false? The wealthiest group in A..
Analyze the business cycle. What are the determinants of aggregate demand? Examine changes in aggregate demand and aggregate supply, using the data from Step 1 and Step 2. How do these changes affect the business cycle?
What will happen in the oil market if suppliers become more optimistic? What will happen in the gasoline market if oil prices rise? What will happen in the syrup market if honey prices rise?
Public Goods: Suppose that weather forecast systems require funding in billion-dollar chunks, and that each billion dollars invested in weather forecasting doubles your odds of getting the forecast right—that if you spend nothing your forecast, pure ..
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