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Listen to "Munger on Price Gouging" on EconTalk and read "They Clapped: Can Price Gouging Laws Prohibit Scarcity," by Michael Munger. Graphically illustrate using supply and demand what happens to the market for bags of ice immediately after a hurricane. [Hint: Think about both the buyers and the sellers of ice in the affected areas.] Show what happens to the quantity of ice bought and sold if price-gouging laws are enforced compared with when prices are allowed to rise. Speculate on why people seem to prefer the enforcement of price gouging laws in these cases.
Given a feedback control system such as the three-tank mixing process, determine the effect of the following equipment changes on the tuning constants.
Describing Use a graphic organizer like the one below to describe the different types of union arrangements.
State the rule for optimum input allocation to produce a given level of output at the lowest possible cost -when two inputs are variable and the prices of the inputs are given- and describe why it makes sense
Principles of economics for evaluating and assessing the need for the public health initiative - A brief description of whether the initiative is a micro or macroeconomic program
Developing countries mitigate the impacts of environmental degradation and climate change? Is such an environmental responsibility policy costly for them
Why is deflation a more serious problem than inflation in the macro-economy?
ECONOMICS 06E:125 University of Iowa Do you think people are aware of the amount of personal information being collected by Facebook? Will awareness hurt
The marginal rate of substitution between bundles V and Z isa. greater than the marginal rate of substitution between bundles Z and T.b. less than the marginal rate of substitution between bundles Z and T.c.
Some cities charge a flat monthly fee, while other cities charge by the gallon. Which method of pricing is more likely to result in economic efficiency in the water market? Be sure to refer to the definition of economic efficiency in your answer. ..
The major feature of the tax code. In this case, how does an increase in inflation for a given r affect the user cost of capital and the desired capital stock?
Why does not a political equilibrium lead to efficiency in the way that equilibrium in private goods markets does?
Analyze the following situation and describe (a) the argument the plaintiff would most likely pursue, (b) the argument the defendant would most likely pursue, (c) the rationale a judge might use to decide the case, and (d) what could have been don..
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