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Q1. Rex has determined that demand for his product is given by Q=180-5p and cost equation given by C=75+.3Q. Determine the optimal price and quantity for the firm.
Q2. How does Iraq's infant mortality rate correlate with Iraq's GDP per capita?
Q3. In 2009, a nation's real GDP were $250 billion and in 2010 it is $265 billion. Its population was 120 million in 2009 and 125 million in 2010. In 2010, what is its real GDP per capita?
Q4. Winston Churchill once thought that democracy is the nastiest form of government except for all others. In microeconomic terms what did he mean? Would a more practicable democratic system add to or reduce the ability of government to operate more efficiently?
Compare these results to those predicted by the equilibrium business cycle model developed by Barro throughout the text.
The social security system levies a tax on workers and pays benefits to the elderly. Suppose that Congress increases both the tax and benefit.
How much income gets you into the top quartile or quintile. Discuss the issues of regressive, proportional, and progressive taxation.
If the government imposes a tax on the production of cars, which of the following will occur in the market for cars.
Why do proponents of active policy recommend government intervention to close an expansionary gap. Some economists argue that only unanticipated increases in the money.
Suppose that a pay equity plan has just been put in place in your organization. The pay equity consulting firm did a job evaluation and assigned points to each of the male-dominated and female-dominated jobs.
When the bookstore announces a 20% price increase in new texts and a 10% increase in used texts for next year, Guojun's father offers him $80 extra.
To build trust among virtual team members, managers should Deep-six the egos
Given your understanding of bond markets, what signals is the the bond market sending in response to the downgrade. Is this problematic.
Elucidate an example of a microeconomic and macroeconomic phenomenon. Would you give an example of a microeconomic decision you have made at home or work.
A large school of sharks is reportedly seen by beach-goers at the beaches of Melbourne.
Compute the resulting utility if the population were on million higher and one million lower than the optimum.
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