A bunch of elementary school kids sit down at a lunch table.

This is an economic question for short answer, does this have to do with utility? if not what then? A bunch of elementary school kids sit down at a lunch table. For several minutes, everyone trades food, but then the table becomes quiet as they begin to eat. What happened?

Economic Indicator Forecast for Housing Industry

Please help me with ideas for the following: Using the two economic indicators selected for your Housing Industry Overview Paper assignment, prepare a 300-350-word paper in which you: 1.compare and contrast at least two different 18-month forecasts for each of the two economic indicators. 2. Include in your paper a reconciliation of the differences between the forecasts for each economic indicator 3. a rationalization for which forecasts you believe are most accurate. 4. Defend your opinion in your paper. Here are the two economic indicators: 1. Unemployment rate 2. Housing starts I have the forecast for both the unemployment rate and housing starts but I am lost at how... click for more

Suppose the demand for a given type of antibiotic is Q-100,000.

Suppose the demand for a given type of antibiotic is Q-100,000. What is the elasticity of demand? Draw a price per unit and quantity of units two space diagram to show the effect of a specific tax of $1 per dose on the equilibrium market price. Who will bear the burden of this tax?

Market Imperfections - Monopolies

Monopolies: Discuss the following statements in Detail a) are a good thing since they transfer resources from lower-valued to higher- valued activities thereby helping to maximize society’s happiness? b) are bad because they produce too little output; thereby decreasing society’s happiness c) a monopoly problem arises whenever Marginal Revenue (the change in Total revenue caused by an increase in output of one unit), is substantially less than Price at the firm’s profit-maximizing level of output d) Can government regulation fix (a), (b), and (c) above ? if so how, if not why?

Explain why, at one point in time, a Keynesian approach to managing the macro-economy might be appropriate while, at another point in time, a classical approach might be more likely to produce a superior outcome.

Explain why, at one point in time, a Keynesian approach to managing the macro-economy might be appropriate while, at another point in time, a classical approach might be more likely to produce a superior outcome. Make sure the outcome you address includes inflation and employment issues.