In general, people who hare more productive earn higher incomes and thus pay higher taxes. In general, people who hare more productive earn higher incomes and thus pay higher taxes.  How would a change in the immigration laws that favored more highly educated and skilled individuals affect the future tax burden of today’s American college students?  Would the admission of better-educated immigrants tend to raise or lower the wages of American college […]

Scenario B: A vitamin company, Pro Health (PH), was preparing to launch a new product called “ProBio. Scenario B: A vitamin company, Pro Health (PH), was preparing to launch a new product called “ProBio.” It produced 20,000 units of ProBio at a cost of $5 per unit and packaged the product in bottles with labels that prominently displayed the ProBio name. At the last minute, PH learned that an established […]

A Publishing company uses 400 printers and 200 printing presses to produce books. A printer’s wage rate is $20, the price of a printing press is… A Publishing company uses 400 printers and 200 printing presses to produce books. A printer’s wage rate is $20, & the price of a printing press is $5,000. The last printer added 20 books to total output, & the last press added 1,000 books […]

Deadweight loss from monopoly can best be described as the A. increase in producer surplus. net decrease in market surplus. decrease in producer… Price discrimination is most profitable whenA.consumers can be grouped into the young and the old.B.consumers pay higher prices for? lower-quality services.C.consumers can be grouped into different buckets with different elasticities.D.consumers have the same elasticity of demand. Show more

Suppose the supply function for product X is given by Q (s-(supply) of x) = -50 +0.5P(Price) of x – 5P(Price) of z. a. How much of product X is Suppose the supply function for product X is given by Q (s-(supply) of x) = -50 +0.5P(Price) of x – 5P(Price) of z.a. How much of product X is produced when P of x = $500 and P of z […]

CASE STUDY 2: Cases Analysis of Risk, Uncertainty and Managing Incentives Select a company of your choice, any company but Southwest Airlines, and write a six to eight (6-8) page paper in which you:E CASE STUDY 2: Cases Analysis of Risk, Uncertainty and Managing IncentivesSelect a company of your choice, any company but Southwest Airlines, and write a six to eight (6-8) page paper in which you:Evaluate a company’s recent (with in […]

Microeconomics;A jewelry firm rents factory space, uses equipment and hires workers to produce necklaces $ per necklace7065T-10,00060ATCT-20,00055T-30,0005045MC105510152025303540quantity of necklaces per hourA jewelry firm rents factory space, uses equipment and hires workers to produce necklaces using a constant returns to scale production technology. The figureshows short-run average total cost (U-shaped curves) and marginal costs (increasing curves) for three different factory sizes, T=10,000, T=20,000 andT=30,000. If the firm wanted to produce 30 […]

Frank and Nancy met at a sorority party. They agreed to meet for a date at a local bar the next week. Frank and Nancy met at a sorority party. They agreed to meet for a date at a local barthe next week.Regrettably, they were so fraught with passion that they forgot to agree on which barwould be the site of their rendezvous.Luckily, the town has only two bars, Rizotti’s […]