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Select a state (AZ) or federal (US) public policy that is of interest to you and is not covered on the syllabus. Over the course of four written assignments, you will apply the Stone framework to analyze: the commons problem that creates the need for government intervention; the objectives of the policy; the key stakeholders and their policy positions; the intended and unintended consequences of the policy.
Directions for Assignment #1:
Write a one-page policy brief that addresses the questions above. Write in paragraph form and do not number the paragraphs. The topic sentence for each paragraph should tell me what question you are answering.
Confirm your quantity and price results algebraically and calculate the price elasticities of demand in each market and discuss these in relation to the prices to be charged in each market.
Assume you can only consume good X and Y out of abudget of $120. Your utility function is U = ln(X)+ln(Y ).
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Crew Brew produces a popular brand of beer in its mini-brewery located on a small river in Kentucky. Assume that capital can be purchased for $8 per unit, and labor costs $6 per unit. What is the optimal combination of inputs for the firm to employ..
The following data is presented on two mutually exclusive projects under consideration by the XYZ Company: Compute the following values for each project using the time value tables and Microsoft Excel.
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The marketing team for a restaurant wants to estimate the price elasticity of demand coefficient for its steak dinner. It priced its dinner at different price points in local restaurants to see how many would be sold at different prices.
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