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a. What is the price and output this monopoly would produce at if unregulated.
b. What is the socially optimal price and output for this monopoly?
c. What is the fair return price and output for this monopoly?
Consider an environment where an agent could be either employed E or unemployed U. Let’s normalize E + U = 1, so that E and U are interpreted as the fraction of people employed and unemployed at any given point in time, respectively. What is the prob..
Using benefit-cost ratio analysis, determine which one of the three mutually exclusive alternatives should be selected. Each alternative has a 6-year useful life. Assume a 15% MARR first cost a $560 b $340 c $120 uniform annual benefit 140 100 40 sal..
A small town in rural lowa has one large factory that employs the workers in the town.Major League Baseball is an example of what labor market model?
Supply of Loanable Funds, e.g., your disposable and expected future income. Discuss and predict how your decisions and transactions in the loanable funds market should change.
How does a cut in interest rates that increases investment affect the quantity of real GDP demanded, the aggregate demand curve, real GDP, and the price level?
Calculate the gini coefficient and the coefficient of variation for each of the following distributions. [Hint: It will save significant time if you make use of the inequality principles (population, relative income, etc.) to simplify where possible...
Define the terms ‘e-business’, ‘electronic commerce’ and ‘mobile electronic commerce’, and describe how they differ from one another?
Discuss whether or not you feel these programs are effective in preventing recidivism. Do you think inmates should be eligible for Pell Grants? Why, or why not?
Suppose you purchased a ticket to a concert for $30 a month ago. Last week someone invited you to a party on the same night as the concert. You would much rather go to the party than the concert. You have tried unsuccessfully to sell the concert tick..
The unemployment rate might underestimate the underutilization of labor resources because it does not include? ______.
How much money would be accumulated in 10 years for a deposit of $10,000 made at the end-of-year zero if the account earned interest at 6% per year for the first three years, 9% per year for the next four years, and 7% per year for the last three yea..
Explain how the strength of the economy as a whole could affect the marginal benefits also the marginal costs associated
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