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Pretend that you are an editorialist, and write an editorial considering whether or not you believe that monopolies should be illegal and defend your argument using pertinent economic theory.
Microeconomics, Economics
Question: Set up a Ricardo-type comparative advantage numerical example with two countries and two goods. Distinguish "absolute advantage" from "comparative advantage" in the context of your example. Then select an inter ...
Question: If your receive $500 in simple interest on a loan that you made for $10,000 for 5 years, what was the interest rate you charged? The response must be typed, single spaced, must be in times new roman font (size ...
Question: A) What characteristic of natural gas infrastructure led to regulation of the natural gas industry in the first half of the 20th century? What type of regulation was used? What is the economic justification for ...
Question - Suppose that emergency room services in a city are provided by three hospitals. Two of the hospitals each have a market share of 40% and the third hospital has a market share of 20%. Compute the pre-merger and ...
Question: A machine costs 525,000 today and has an estimated scrap value of $3000. Inflation averages 4% per year. The effective annual interest rate is 7%. How much money needs to be set aside each year to replace the m ...
What would be 3 effects associated with changes in productivity, good and bad? Can the government affect productivity, if so in what ways good and what ways not so good?
Question: Over the period from 1979 through 1989, manufacturing employment fell by 1.6 million, while in the previous decade it had risen 0.9 million, yet service sector employment rose 19.3 million, compared to 17.3 mil ...
Question: Discuss how the following changes would affect the natural (or frictional) rate of unemployment: a) Elimination of unions. b) increased participation of teenagers in the labor market. c) larger fluctuations in ...
Question: Consumer's Problem Ed is a programmer, who has preferences over the consumption good and leisure given by U(C, l) = Cl. He needs to use at least 8 hours a day for sleep, eating, etc., but he can in principle wo ...
Question: A competitive firm's production function is f(x 1 , x 2 ) = 12x 1/2 1 + 4x 1/2 2 . The price of factor 1 is $1 and the price of factor 2 is $2. The price of output is $4. What is the profit-maximizing quantity ...
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
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