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Assignment:
Discovery Exercises
Each lesson will have a Discovery Research Exercise designed to assist you in developing a comprehensive view of today's Economy. The Discovery Exercises may take many forms from hard research to expressing an opinion. All assignments will directly be related to the overall objectives of the course.
Exercise Taxes
Who likes taxes? Take a moment and think about what you like to see your tax dollars go for? Would you drop Welfare, National Defense or even the Affordable Health Care Act? Who would it help and who would it hurt? Submit as a one-page report as a PDF.
Analyze the elasticity of demand for products within the selected industry relevant to Katrina's Candies. Determine the factors involved in making decisions about pricing these products that you believe to be the most influential.
Assume that the marginal social cost of downloading a song from the iTunes Store is zero.
How can the market mechanism guarantee that the marginal cost of production will be the same across all firms if those firms have different owners.
An increase in the excise tax on alcohol? a)will have no effect on alcohol consumption b)will generate minimal tax revenues for the federal government c)couped with a uniform drinking age nationwide would save lives
Evaluate trends in demand over time and explain impact on the industry and the firm. You should consider including annual sales figures for the product your firm sells.
Is it mercantilist thinking to want to have a positive trade balance? How can countries such as the United States have steady economic growth and a high standard of living with negative trade balances year after year?
Determine the number of souvenir coins that must be sold per year to justify the purchase of a $6000 stamping machine. Each coin will be sold for $5.00.
What are the underlying reasons for changes in exchange rates in the long run? What criteria were needed for EMU to proceed?
After a fall, a 95 kg rock climber finds himself dangling from the end of a rope that had been 15 m long and 9.6 mm in diameter but has stretched by 2.8 cm. For the rope, calculate The strain,
A firms labor demand and labor supply equations are shown below.
Why international capital flows increase the power of monetary policy and what is the effect of interest rates on international capital flows?
Draw a picture of the two production function relationships you computed in parts (a) and (b) placing output on the vertical axis and labor on the horizontal axis. Verbally explain the effects of a change in technology on the aggregate production ..
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