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Congressman Localstuff always votes for a balanced budget amendment to the U.S. Constitution. He also always votes for spending bills supported by the leadership of his political party. Is this rational?
Macroeconomics, Economics
Questions: 1. In Country Faraway, cigarettes are forbidden, so people trade cigarettes in a blackmarket. The cigarette demand is QD = 12 - P, and the cigarette supply is Qs = 2P. a. Find the equilibrium price and quantit ...
The Economics of Cities and Regions Assignment - Case Study - Local Government and Economic Planning Local government and economic planning Background: This assignment asks you to link planning, the economy and local gov ...
Question - Consider a market with 100 consumers. Each consumer would like to buy at most one unit and is willing to pay up to 10$. There is an incumbent firm that already operates in the market and a potential entrant fi ...
Analyze the concept of exchange rate. Explain how the dollar price of Euros is determined. Identify a factor that can increase the dollar price of Euros. Identify a factor that can decrease the dollar price of Euros. Exp ...
Question - Explain why it is important to evaluate the overall performance of the firm's sales force and list the advantages and disadvantages of sales, cost, and profit analyses. Also, discuss the use of ROI in measurin ...
Question: Suppose the utility function for a consumer is given by U = min{X, 3Y}. A) Sketch 3 indifference curves for this consumer B) Given the utility function and the associated ICs, what type of goods are X and Y? Th ...
Question: Draw the supply and demand diagram for reserves with the curves intersecting on the downward sloping part of the demand curve - diagram A. Draw a second graph with the intersection taking place on the horizonta ...
Question - How does strategic positioning benefit a firm? Discuss the importance of advertising, branding, and the effect of both on the product's demand curve.
Question: 1) Graphically illustrate the minimum wage. Note the deadweight (welfare loss) loss and the loss or redistribution from job search. 2) Assume that you have two periods: 2011 and 2012 for a pickup truck. Price 2 ...
Question: Scenario: Imagine you are a business consultant to a Business. You have been asked to analyze, advise, and create recommendations on how the firm can ensure its future success in its current market. Prepare a m ...
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