1. Graph the market for Beer when there is a price floor put on it, AND news comes out that beer is bad for you. Label the size of any shortage or surplus.

2. Graph the USA market for pharmaceuticals under international trade where the world price is lower than the autarky price, AND enough USA pharmaceutical companies go out of business that domestic production goes to zero. Label the size of any imports or exports.

Suppose there are two consumers, A and B. The utility functions of each consumer are given by: UA(X,Y) = X2Y UB(X,Y) = X*Y

Therefore: For consumer A: MUX = 2XY; MUY = X2 For consumer B: MUX = Y; MUY = X

The initial endowments are: A: X = 75; Y = 15 B: X = 75; Y = 5

a) (20 points) Suppose the price of Y, PY = 1. Calculate the price of X, PX that will lead to a competitive equilibrium.

b) (8 points) How much of each good does each consumer demand in equilibrium? Consumer A's Demand for X: Consumer A's Demand for Y Consumer B's demand for X Consumer B's demand for Y

c) (4 points) What is the marginal rate of substitution for consumer A at the competitive equilibrium?

What are some research areas of applied microeconomics, mathematical economics, and microeconomic theory. I need to pick a topic to research. Thank you.

What are two major challenges that farm labor advocates in the U.S. have faced in their fight for farmworker justice?

Discuss the main pillars of environmental regulation in Turkey. You can present a chronological overview or concentrate on describing the current layers of regulation.

What is the difference between an emissions standard and an ambient standard?

QUESTION 33 Average fixed cost always decreases. True False

------------------------

QUESTION 31

1. If a price ceiling is imposed below the equilibrium price then _____.

   	A.	the market can still reach equilibrium
   	B.	excess supply is created
   	C.	demand will decrease
   	D.	supply will increase
   	E.	excess demand is created

---------------

QUESTION 29

1. A price floor on corn would have the effect of which of the following?

   	A.	Creating an excess supply regardless of the price.
   	B.	Creating an excess supply when the price floor is above the equilibrium price.
   	C.	Creating an excess demand when the price floor is below the equilibrium price.
   	D.	Creating an excess demand regardless of the price floor.

   ----------

   QUESTION 28

2. Which of the following is true regarding a demand curve?

   	A.	Only price is held constant.
   	B.	Income and price are held constant.
   	C.	Only non-price determinants are held constant.
   	D.	All determinants are held constant.

Research project

Use econometrics analysis (analyze data by regression) to write a research on,

"Do banks discriminate minorities when lending?"

WHAT IS THE DIFFERENCE BETWEEN JAILS AND PRISONS AND WHY IS THAT IMPORTANT TO UNDERSTAND ? HOW DO PAROLE AND PROBATION DIFFER AND WHAT ARE DETERMINING FACTORS IN DECIDING WHICH A PERSON SHOULD RECIEVE ? WHAT ROLE DOES A HUMAN SERVICE PROFESSIONAL HAVE THAT IS RELATED TO THESE ELEMENTS ?

Identify and briefly describe the ways that may be used by the Central Bank of Oman to influence money supply.  

Examine the fundamental causes of a nation’s business cycle fluctuations. Also, examine the relationship between total spending by government and consumers in a nation and the location of the countries’ GDP on the business cycle.

Do you think it is necessary for banks to be huge in size in order to compete in global markets? Why or why not?

1. Define the terms UCR, NIBRS, and NCVS. What is the purpose of each?
2. If you could pick only one measure of crime, which one would you choose? Defend your answer?