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There is much discussion in the press about several states moving to legalizing marijuana, either for only medical purposes, or more extremely, for recreational purposes. Looking only at the economic impact (not moral implications) of such changes in the laws, discuss how the existing system of supply and demand for illegal marijuana will be changed with the new legalization.
What will happen to existing supply avenues?
Will legalization significantly change demand? How?
Would one expect prices to change significantly? How?
What would be the costs and benefits to governments, both in changes in enforcement requirements and in potential tax revenue?
Determine the equations for AFC (average xed cost), AVC (average variable cost), ATC (average total cost), and MC (marginal cost). Graphically illustrate the relationships to one another. EMBA 504: Strategic Competitive Analysis
the pizza company is considering entering the marketplace in your community. use the information from the pizza company
What are the total explicit, total implicit, and total economic costs in 2011 - what is accounting profit in 2011? What is economic profit in 2011?
Two banks have lent $20million each to a country in an Emerging Market. Bank A has total assets of $220 million and a capital to total assets ratio of 7 percent. Bank B has total assets of $350 million and a capital to total assets ratio of 6 perc..
You are a Custom Home Builder and was hit hard by the economic downfall of 2008 in the housing market. You have a 100-acre subdivision with $19,000 a month payments on a land and development loan of$1.8 million.
As a consequence of a 1976 court case that Ralph Nader won against an airline that had "bumped" him, the federal government adopted a rule requiring airlines to compensate people who were denied boarding despite holding a confirmed reservation. As a ..
Suppose that in response to a foreign crisis, the goverment increases defenst spending to $50 billion. How would the increase in defense spending affect the economy How would the effects differ depending on the size and sign of the output gap when..
How could the experimental results be considered as supporting the IA model - the IA model predicts that fair-minded agents will choose a lower level of effort with respect to purely selfish agents. Why could this happen?
Second-degree price discrimination is also known as block rate setting. captures all consumer surplus. sets a different price for each customer.
1. domestic market demand for some good is described by p 100 - q. domestic supply is described by p 20 2q.
Anti-inflationary monetary policy might be politically unpopular because it leads to
Using the ITT Tech Virtual Library, research information on companies that have engaged in monopoly behavior, such as Microsoft, Google, or Wal-Mart, and explain how society has been affected by the monopoly behavior using that information.
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