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Consider market for apartments. The consumer surplus transferred from producers after the imposition of a price ceiling (rent control) is given by area:

When the government imposes a tariff on 3D printers, the price of printers rises from PW to P1, and the government revenue is:

An economy is inefficient if it is:

During the Obama administration, the development of low-cost batteries for electric cars received large amounts of federal funding in terms of subsidies. Meanwhile, American households gave a higher priority towards minimizing their environmental impact. Consider the market for zero-emissions electric vehicles where there is an upward-sloping supply curve and a downward-sloping demand curve. Which direction will demand and supply shift?

If a student did not receive an offer, what is the probability that they had applied to at least one investment bank? Compute three digits after the decimal point.

Suppose the cafe profits $2 from each premium coffee order and $5 is a fixed base profit (from other food item purchases) per customer. What is the variance of profit from each customer in dollars? Show your work on your scratch paper. 

Which of the statements below best characterizes the distinction between descriptive morality and normative ethics?

In 2021, there was considerable discussion about whether businesses should require their employees to get vaccinated for COVID-19 in order to return to work. Is this an ethical issue or an employment issue. Explain your answer.  Would you get vaccinated in order to maintain your job?

We discussed corporate social responsibility (CSR).  Define CSR. Using local examples, discuss the benefits to a company to paying attention to corporate social responsibility?

Bermuda is considered a very successful center for International Business.  Discuss the factors that have made Bermuda so successful.