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Question: If you do not know whether you would be able to get a rent-controlled apartment, under what circumstances might you nonetheless vote for rent control? Why would your enthusiasm for rent control wane over time?
Microeconomics, Economics
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Question: On the television show Jeopardy contestants in the final round must choose some part of their winnings to bet on their answer to an upcoming question, and the winner's bet is added to the amount he has already ...
Question: Describe the Learned Hand Rule, and discuss the economic logic underlying it. Do you believe the objective is being achieved? The response must be typed, single spaced, must be in times new roman font (size 12) ...
Question: Farmer Brian has 3 acres of land which he farms efficiently. Each acre can support 20 apple trees. However the 3 acres differ in their ability to support orange trees. He can grow 40 orange trees on the best la ...
Discussion: Wilderness Backpacking Expeditions For this discussion imagine that you and some friends want to start a business to take tourists on wilderness backpacking expeditions. You have to use your own money to star ...
Question: Brazil can produce 100 pounds of beef or 10 autos; in contrast the United States can produce 40 pounds of beef or 30 autos. Which country has the absolute advantage in beef? Which country has the absolute advan ...
Question: ABC Explosives has purchased fire nsurance for its factory. It can institute a fire prevention program, which would cost $90, but which would lower the probability of a fire from 0.01 to company cannot determin ...
Question: Table shows how the average costs of production for semiconductors (the "chips" in computer memories) change as the quantity of semiconductors built at that factory increases. a. Based on these data, sketch a c ...
Question: For the following questions write whether the statements are true or false and give full justification for your answer. a) For a given income level, it is not possible to have both good 1 and good 2 as luxury g ...
Question: Suppose that a student would go to 1 Blue Jays game if the price were $120, 2 Blue Jays games if the price were $80, 3 Blue Jays games if the price were $50, and 4 Blue Jays games if the price were $20. What is ...
Question: Over the next three years, a firm is expected to earn economic profits of $120,000 in the first year, $140.000 in the second year, and $1000,000 in the third year. After the end of the third year, the firm will ...
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