Posted: September 14th, 2017

Microeconomics

Microeconomics

4.1
· a. Which would have been more effective at reducing youth alcohol abuse, increasing the legal age for alcohol consumption to 21, or keeping the federal taxes on alcohol constant in real 1951 purchasing power? Explain.
· b. What has happened to the amount of campus violence since 1991 as a result of the decline in the real price of beer? Explain.
4.2
· Explain the flight toward poultry and away from red meat by U.S. consumers.
4.6
· Why do economists claim that positive network effects can be a two-edged sword for suppliers
Chapter 4 – Answer the following “Review Questions and Problems” on pages 119-121.
· 4.1, 4.5, 4.23
· Questions and problems marked with an asterisk have solutions given in Answers to Selected Problems at the back of the text
Applications
4.1
· a. Which would have been more effective at reducing youth alcohol abuse, increasing the legal age for alcohol consumption to 21, or keeping the federal taxes on alcohol constant in real 1951 purchasing power? Explain.
· b. What has happened to the amount of campus violence since 1991 as a result of the decline in the real price of beer? Explain.
4.2
· Explain the flight toward poultry and away from red meat by U.S. consumers.
4.6
· Why do economists claim that positive network effects can be a two-edged sword for suppliers?
ORDER THIS ESSAY HERE NOW AND GET A DISCOUNT !!!