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1)1: Do you think God exists, and why? What evidence do you have in favor of your positions? How did you come by this evidence?
2): Do you consider this evidence to be conclusive, and your position to be beyond doubt? If so, why do you think others remain unconvinced?
Tom earns $15 per hour for up to 40 hours of work each week. He is paid $30 per hour for every hour in excess of 40. Tom faces a 20 percent tax rate and pays $4 per hour in child care expenses for each hour he works. What is Tom’s endowment point? In..
Which of these factors can the company control to improve profitability? What strategy would you suggest to improve the profitability?
Why is the purchasing of new housing included in the investment component of GDP rather than the consumption component? Also any reason why household purchases of new cars should be included in investment rather than in consumption?
Despite the adverse affects of imports on some industries and workers; do the benefits to all out way the costs to some?
Suppose the market for liquor is given by the following demand and supply equations: Demand: QD = 100 – PL – 2PC, where QD is the quantity demanded of liquor, PL is the price of liquor (in dollars), and PC is the price of cigarettes (in dollars). De..
Your the manager for a college football team. Assume you own the stadium and the variable cost per attendant is $0. You’ve been told by your in-house economist that you should set the price of tickets at $50 to maximize profit (at current, you set on..
A quarter century ago Canada, Mexico and the United States formed a customs union, known as NAFTA. This is not a common market, and indeed there are an estimated 7 to 10 million illegal immigrants living in the United States, many of whom are Mexican..
If public colleges are nonprofit then why is the cost of tuition constantly going up but college size and scale remains the same? Why are they using more and more graduate students to teach undergrad courses instead of hiring professors? It seems lik..
OneSource is a producer in a monopoly industry. The demand curve, total revenue curve, marginal revenue curve and total cost curve for OneSource are given as follows: What price will OneSource charge for the output? How much profit will OneSource mak..
Assume that GDP (Y) is 6,000. Consumption (C). is given by the equation C = 600 + 0.6(Y – T). Investment (I) is given by the equation I = 2,000 – 100r, where r is the real rate of interest in percent. Taxes (T) are 500 and government spending (G) is ..
A real estate developer is planning to build an office complex. Currently, there are three office sizes under consideration: small, medium, and large. Small offices can be rented for $600 per month, medium offices can be rented for $750 per month, an..
Recommend some U.S. fiscal policy change in government spending or transfers, and explain why that change would be good for most firms and good for the U.S. economy.
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