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What is Intellectual Property(IP)? What are the public policy implications of information economics perspectives on IP? How does it differ from conventional economics?
In each of the following situations, do you think the industry described will be perfectly competitive or not?
Think about a good or service for which you believe there has been a shift in demand or supply
Suppose that there is a fixed number of workers. Each worker is at a certain instance either employed or unemployed. What is (in rate per month) the rate of job finding (f) ? What is the rate of job separation (s) ? What is the equilibrium unemployme..
A market is characterized by a demand curve that can be expressed as P = 96 – (1/3) Q. Each of the two identical firms currently serving the market has a total cost function of the form C = 12 q. If the 2 duopolists behave as independent, symmetric C..
Discuss your thoughts on the organization of the Federal Open Market Committee (FOMC). Why is the New York Federal Reserve president always on the FOMC? Does the committee meet often enough? Should its meetings be closed to the public? Have its recen..
What about the buyer's perceptons, attitudes, and beliefs? What were the FABs of the product or service?
He will make no provision for a retirement income after age 76. What is the youngest age at which Don can retire?
You have credit card debt of $25,000 that has an APR (monthly compounding) of 15%. Each month you pay the minimum monthly payment. You are required to pay only the outstanding interest. You have received an offer in the mail for an otherwise identica..
Gina has the choice of two bonds, one that pays 5 percent interest and the other that pays 10 percent interest. Which of the following is most likely?
An increase in planned savings, all else held constant, will always result in a. a slowdown in the circular flow of income b. an increase in the circular flow c. an increase in planned investment spending d. an increase in the price level
An open-pit mine must fund an account now to pay for maintenance of a tailing pond in perpetuity (after the mine shuts down in 30 years).
Evaluate whether each of the following statements is true or false. Explain your answer and provide supporting rationale. The short-run aggregate supply (SAS) curve slopes upward because households spend more as their incomes increase. The long-run a..
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