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What is a Gini Coefficient and what are the main scores?
What percent of the tax is borne by buyers. If income rises to $40,000, how much will tax revenue rise.
The text noted that money performs three basic functions. Select one of these functions and describe the ways rapid inflation could undermine money's ability to perform the function you selected.
Why do business enterprises require administered (stable) prices as opposed to highly flexible prices?
For each of the following goods, give your best estimate of its most likely degree of rivalness and (relative) exclusion cost, using the definitions of these variables and the information in the course notes on externalities and public goods.
MR/MC - Imperfect Competition: Remember that Imperfect Competition includes Monopoly, Oligopoly, and Monopolistic Competition --- CHAPTERS 12 and 13. Answer the next question on the basis of the following information for a firm operating in an imperf..
A firm uses two inputs, X and Y and its production function is Q = √(xy). Assume that the demand for the firm’s product is QD = 24 - 4P, where P is measured in dollars. Calculate the solution to the firm’s problem. What are its profit-maximizing pric..
Analyze Elucidate how Boeing also Airbus approach the aircraft marketplace, Elucidate how they are alike also different.
For each of the following situations, find the consumer’s optimal bundle. Be sure to show your work. Also, for each case, draw the consumer’s budget constraint, indicate the optimal bundle on the graph, and accurately draw the indifference curve that..
Analyse the effects of the following events in the loanable fund market diagram where we have (real) interest rate (r) on the vertical axis and the quantity of loanable fund (Q) on the horizontal axis. An increase in government purchases. A decrease ..
What does it mean for a good to be non-excludable in theory one may worry that such a problem could completely shut down private markets. How did we deal with that in designing a private environment for the public goods case so that this doesn't happ..
How many male workers would the firm hire if the employer did not discriminate? How many female workers would be hired?
Derive the short run total cost, short run average cost also short run marginal cost as functions of output q.
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