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What do you think is more important for an economy, lower prices or better paying jobs? If imposing a tariff on imports would create better paying jobs but raise prices, would you support it? Why?
Many years ago, the traditional mortgage loan structure specified:
The relationship between a worker’s daily wage, w, and her daily output, q, is q = 0.1w22 – 0.0005w3 so that the worker’s marginal product with respect to her wage is MPw = 0.2w – 0.0015w2. What is the optimal efficiency daily wage for the firm to pa..
When a good is taxed, the tax revenue collected by the government equals the decrease in the welfare of buyers and sellers caused by the tax. As the size of a tax increases, the government's tax revenue rises then falls. Economists argue that restric..
Explain the case of permits system/tradable permits as compared to Pigovian tax (tax and standards) in creating market based property rights to addressed externality. State your assumptions and highlight the basic structure of each case with special ..
Illustrate what price should he charge each group if he needs to maximize revenue collected from ticket sales.
What is specific with the religious factor in impacting development? For example, does Catholicism play the same role in Croatia in overall development record? 150 word please list references
Farmer Bogus is selling his product in a purely competitive market. His output is 600 bushels which sell for $2 per bushel. At this level of output, marginal cost is $2, average total cost is $7, and average variable cost is $6. Farmer Bogus should p..
Describe a good or service that might have a price elasticity of around 0.7 (you don't need to look something up, you just need to justify why the good you
Can the government correct market failures? More specifically, discuss the approach/es that the current Chinese government has taken to dampen decreasing prices in the Chinese stock market. (has it been effective?)
The CFO for a corporation deliberately misstates expenses on the income statement purely out of a sense of loyalty to his CEO and the company.
Consider the economy of Lewisville, which is just beginning to industrialize. The economy was entirely reliant on corn production until now. There are 100 identical families each farming their own land. Each family has 6 members who participate equal..
Labor market ex for monopsonist. Labor Demand is Qd= 220-5w. Labor supply is Qs=-45+8w. Union has no market power, and so league acts as a monoposonsit facing marginal expenditure curve. ME=Q/4+5.624 (This is the derivative of (labor supply curve sol..
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