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1. How would a University rule that states all students must use a certain Dell laptop impact your Ed for laptops
Explain your answer.
2. Raising bridge and tunnel tolls almost always leads to more revenue for the government, how can this be so given the law of demand?
3. What is a percentage change? How would you explain it in your own words?
A company currently sells 60,00 units a month at $10 every unit. The variable cost every unit is $6. The company decided to raise the price about 10%.
Professor Fiorina argues that checks and balances cause gridlock in the US political system. However, one of the goals of the Constitution was to allow political minorities to prevent abuses by political majorities. Do you think checks and balances i..
Expand his shop in that way allowing more customers to be served on a Saturday morning?
What are the effects of taxes on price level? Why?. In your opinion, do taxes lead to efficiency or inefficiency?. How does a free market eliminate a surplus?
q.consider a race between 2 candidates. whoever spends the most money in their campaign wins the election and gets a
Why do economic include only final good and services in measuring GDP for a particle year! Why don't they include the value of the stock and bonds bought and sold! Why don't they include the value of the used furniture bought and sold?
How do we deter free riders? What is the cost (to society) of free riders? Give an example of a public good that has a large amount of free riders. How can we change this?
Suppose a chemical factory discharges waste products into a river resulting in significant damages to a local fishery. The marginal damage and the marginal abatement cost (MAC) are given by: What level of emissions will occur if the chemical factory ..
Suppose the equation for the demand curve for some product (X) is P = 8 - .6Q and the supply curve is P = 2 + .4Q. What is the equilibrium price and quantity? Now, suppose an excise tax is imposed on good X such that the new supply equation is P = 4 ..
Assume that apples are an inferior good. Draw a perfectly competitive market for apples and a firm selling apples in the long run equilibrium where price is $10 and the firm’s equilibrium quantity is 50. EXPLAIN what happens in the short-run if custo..
Which of the following would occur if the federal government decided to use a budget surplus to reduce the existing debt.
The price of oranges has risen dramatically. Which of the following is likely to happen?
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