Question: Assume that the consumer purchases only two goods, x and y. Based on the information in each of the following parts, sketch a plausible set of indifference curves (that is, draw at least two curves, and indicat ...
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Question: A competitive firm produces output using three fixed factors and one variable factor. The firm's short-run production function is q = 305 x - 2 x 2 , where x is the amount of variable factor used. The pric ...
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Question: How do you think the problem of moral hazard might have affected the safety of sports such as football and boxing when safety regulations started requiring that players wear more padding? The response must be t ...
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Question: Suppose your favorite band is on tour and coming to your area. Tickets are $100, and you take a day off from work for which you could have earned $60. What is your opportunity cost of going to the concert? Now ...
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Question: Creating a successful sales force requires a good fit with potential and current customers in your target market. Describe the target market for your business and explain how would you use this information to b ...
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Question: Many observers have noted the significant increase in federal government spending in the United States in recent years. In 2010 and 2014, federal expenditures were $3.1 trillion and $3.7 trillion respectively. ...
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Question: The current state of our nation allows for many passionate and controversial topics of discussion. In an earlier discussion, we explored the ethics of a variety of legal business practices that had societal rel ...
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Question: Drug law enforcers can concentrate their efforts on reducing supply or demand, removing suppliers or removing demanders. a. Assuming that your goal is to raise the price of drugs to a prohibitive level, should ...
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Question: The Patient Protection and Affordable Care Act established a pilot program to expand the use payment bundling for better coordinated care for Medicare beneficiaries. What impact does payment bundling have on he ...
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Question: Monty Hall (the host of Lees Make a Deal) has presented Fred with the choice of three doors. Behind two of the doors are "booby prizes." A new car is behind the other door. Fred selects a door (#1, for example) ...
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