Accounting Profit and Economic Profit
Are accounting profit and economic profit the same thing?
Marginal cost/Marginal Revenue
Does producing where MR=MC always produce the maximum gap between TR and TC. What if TC is bigger than TR?
The key difference is that economic profit factors in implicit costs (sometimes called opportunity costs). Just what do we mean by opportunity costs anyway?
Free market as a regulator of business
The free market is the best regulator of business." Discuss why the U.S. public has not accepted this concept for regulating depository financial institutions. [In other words, why is there much less opposition to bank regulations as compared to possible regulation of, say, the automobile industry or the fashion industry?] At l ...continues
What is a public good? Provide examples. What issues are involved in determining the value of public goods to society?
What does the U.S. government hope to achieve through the use of its antitrust policy? How does international competition affect domestic antitrust policy?
How are economic policies impacted by politics? Does politics make a positive or a negative contribution to economic policy? Explain.
What US economic policies have affected the automotive industry
How have US economic or fiscal policies affected employment rates? What US economic or fiscal policies might affect the growth or decline of the automotive industry? Have US economic or fiscal policies affected the pricing of autos?
Similarities and differences in the roles economists play
Discuss similarities and differences in the roles economists play as policy makers and as scientists. How would advice offered to policymakers differ depending on which role an economist assumes? Please offer an educated opinion.
Peruse the following link to the Federal Reserve and find the latest meeting minutes. Discuss how the Fed's latest interest rate decision might impact the economy. http://www.federalreserve.gov/monetarypolicy/default.htm
