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Why would elasticity of demand be important to determining if you should levy a tax on luxury products?
Omi and Winant say that race is a social concept, not a biological one. Explain this idea and how it relates to the readings by Brodkin, Ngai, Sethi, Portes
If an employee is transporting company materials and gets into a car accident, should the company be held responsible and liable for any damages? Would your stance differ depending on if the employee were on or off the clock?
Our constitution provides the citizens of the United States the absolute right of association and freedom of speech, do you think corporations should be considered people under the law and as such protected by the same rights as regular citizens? Exp..
What are the three main profibability ratios, and how is each calculated? What is the value of an income statment?
Ossuary produces whole wheat bread which sells for $3 a loaf. In order to produce an additional loaf of bread, it would cost Ossuary $3, but the average loaf only costs them $2.50. Assuming that the market for bread is competitive, is Ossuary in shor..
Suppose the government increases aggregate demand to a level that increases GDP above its long-run equilibrium level. What sequence of events would follow? A)Prices rise; nominal GDP increases; workers demand higher wages; short-run aggregate supply ..
How does AT&T's production function related to its marginal product of labor? How is AT&T's marginal product of labor related to the value of its marginal?
The income elasticity of demand for your firm’s product is estimated to be 0.75. A recent report in The Wall Street Journal says that national income is expected to decline by 3 percent this year. What should you do with your stock of inventories?
The difference between playing a board game and playing a video game is the a) eliminatiion of free riders b) technology of the video game c) involvement of fewer rivals or d) involvement of free rider
What would happen to the size of the cattle population if Americans decided to eat substantially less beef? Explain the logic underlying your answer. Does private ownership entitle the owners to do anything they want with their property? Why or why n..
A faculty member sells Gatorade at UNC Charlotte football games. He finds that if he raises his selling price by $1, he sells 6 less bottles each week. He turns over the operation to a Managerial Economics student for a week. The goal is to maximize ..
Hint: Consider how elastic the saving was. Does the interest taxation increase equity without reducing efficiency?
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