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Please answer the following question for Economics 100. Thank you!
"Perfect Competition" Please respond to the following:
Suppose that the demand function for regional airline Eastern Shuttle, Inc., is Q = 52,000 - 100P + 500PR + 0.45I where PR is the average price of rail service in their service area and I is the average income in the metro area. What is the price ela..
Acceptance. Troy Blackford smashed a slot machine while he was gambling at Prairie Meadows Casino. he was banned from the premises. Despite the ban, he later gambled at the casino and won 9,387. When he tried to collect his winnings, the casino refus..
A country (“Home”) is populated with workers who produce either food (F) or clothing (C).There are 200 workers producing food and 100 producing clothing - these numbers are fixed. What is the autarky trade price (the relative price of food and clothi..
Perform an internet search to find more information. a) Structural-functional analysis: the importance of culture; b) Symbolic-interaction analysis: the personal meaning of race; and, c) Social-conflict analysis: the structure of inequality.
What is the nature and strength (weak, medium, strong) of each of the five competitive forces (substitute products, buyers, new entrants, suppliers, and the rivalry among sellers in the industry.
The Phillips curve supposes that there is a trade off between inflation and unemployment. Is this correct? Why or why not?
In the country of Growlandia the labor force grows by 3% per annum, while the capital stock grows by 4% per annum. Suppose 40% of national income goes to labor. Suppose the country’s actual rate of growth is 5% per annum. Calculate the value of the r..
Discuss how both northerners and southerners in the early U.S believed winning the struggle over the expansion of slavery was the key to preserving their freedoms and to preventing their domination by the other section of the nation."
All U.S. states subsidize education for college students, mostly by charging below-cost tuition. Nearly -free tuition is available in many European countries and has been proposed in California (see p. 80).
Your company just purchased 4 forklifts for their warehouse operations for a total of $115,000. They want to depreciate this personal property over a period of 8 years. Use the Double Declining Balance (DB) method to determine the book value at the e..
Again, thinking in terms of marginal propensity to consume, under what circumstances would your tax proposal increase total consumption spending? What other policies could be enacted to increase total consumption spending?
Discuss whether each of the following actions create any postive or negative externailty??
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