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Do monopolies rip us off?Are monopolies bad for society ?If so, what should our government do about them?
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Suppose that government regulators try to deal with the negative pollution externalities by imposing a binding limit on the quantity of gasoline that...
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Per capita GDP in many developing countries depends on the fertility of land there. However, many richer economies have little land or land of poor...
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a binding price ceiling will have the following consequences a. there are no consequences to a binding price ceiling b.
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the consequences of a price floor set below the equilibrium price is a. a surplus , where the quantity supplied exceeds the quantity demanded b.
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a firm characterized as a price taker a. has control over the price it pays , or receives , in the market b. has no control over the price it pays,...
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` Purchase with a full replacement warrant! 120 - p -IT - purchase with a partial warranty OF - } Purchase without any warrant!
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Investment in Amenities and Impact Considers two cities (A, B) which start with the same indifference and iso-profit curves and are in equilibrium.
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suppose that prior to land restrictions of 1984 the market for land disposal was modeled as follows:
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e justification for government spending on (a) public universities, (b) health care, (c) trash pickup, (d) highways, (e) police, and (f) solar energy?...
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Assume that the equilibrium price in a perfectly competitive industry is $4. If a firm in this industry produces and sells 10 units with an average...
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Problem #1 - A company has an investment project that would cost $10 million today and yield a payoff of $15 million in 4 years.
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Problem #2 - Evaluate the following two statements. Do you agree? Why or why not?
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Problem #1 - Imagine that winemakers in the state of Washington petitioned the state government to tax wines imported from California.
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Explain how a country can both gain and lose from joining a customs union.
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B C D E 1 Data for Question 1 N Employment Sector (Industry) Aw United States Employment Weakley Co. Employment 2002 2007 2002 2007 Professional...
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I have posted the questions in the file attached belowAGEC 390Homework Set #3 1. Given the data contained in the Homework #3 supplement for Question 1 (the tab on the bottom of the Excel spreadsh
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Suppose that there is a gamble for which you will get $4with witha26% chance,you will get $12with a35% chanceand the rest of the time you will get
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Suppose you are a rabid football fan and you get into a discussion about the importance of offense (yards made) versus defense (yards allowed) in...
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Under what conditions/circumstances does a bond have virtually no interest rate risk?
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Given the following total cost schedule of a firm, (a) derive the total fixed cost and total variable cost schedules of the firm, and from them
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The expected inflation rate is the A) rate that people expect the Bureau of Labor Statistics to announce each month, on which bookies take bets.
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Suppose a student is willing to pay $30/hour for up to 10 hours of tutoring and a tutor is willing to tutor for $16/hour.
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How does the power of the brand affect your purchase decisions?
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You've recently learned that the company where you work is being sold for $315,000. The company's income statement indicates current profits of...
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(30 points) Consider an economy with two types of consumers labeled h and I. Consumers have preferences for current and future consumption given by:...
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Explain the differences between a currency board, a fixed exchange rate system and a pegged exchange rate. Why are they important?
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(15 points) Assume the consumers5 preference over current and future consumption is given by .r A If; . U (c, c ) = c2 c 2. Further assume there 1s...
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Uncertainty about the future and firm's investment. Consider a firm that operates for two periods using capital and labor to produce.
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Real Wage 20 30 10 50 60 70 80 90 100 110 120 130 Labor ( Millions ! Question 15 The graph above shows the labor market in a country . The horizontal...
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The market demand curve in an industry is given by P = a -bQ. Any firm has an identical marignal cost MC = c per unit of output a) Suppose there is...
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Hi there need some help with the questions. APA style and to be completed by 25 4 o’clock pm pst
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Judge the following statements: ( ) Economic profit will be always less than accounting profit.
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Suppose each firm in an industry is characterized by the cost function C(Q) = 2Q + 500. If the entire industry demand for the product is569 units.
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12. (Simple Spending Multiplier) For each of the following values for the MPC, determine the size of the simple spending multiplier and the total
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Suppose the Fed conducts $10 million open market purchase from Bank A.
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Consider the sequence of independent and identically distributed random variables Xi. 2 = 1 . .... 5 for which {` ( * ) = 4 and Var ( * ) = 2.
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8.4 For which of the following occupations is Good Works General Hospital likely to possess monopsony power?
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I sold a watch for $63, even though I was willing to go as low as $53 in order to sell it. Even though I was willing to pay up to $172 for a used...
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If the income-expenditure multiplier equals 4 and a 1 percentage point increase in the real interest rate reduces autonomous spending by 100 units,
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There are 4 factors that influence the price elasticity of demand:
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The GSS has indicated that the output for 2013 was US$100 million and increment by 20%, 16.67%, 10.71%, 6.45% and 3.03% for the following five years...
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Consider the following non-normal min problem: i) Write down the dual LP problem. (Begin by converting the non-normal min problem to a normal min...
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The annual rate of growth of real GDP in a developing nation is 0.3 percent. Initially, the country's population was stable from year to year.
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In a purely competitive industry: there will be no economic profits in either the short run or the long run.
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A golf course operator must decide what prices to set on rounds of golf. Daily demand during the week is Pd=36-Qd/10, where Qd is the number of 18...
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what can be said about the elasticity of production , assuming the classical production function ,at the output at which:
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According to Michael L. Ross, what is the rentier effect? What is the modernization effect? Which of these effects has more important implications
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What is the best way a company can leverage stock options to offset employee compensation. Explain your rationale.
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Anyone want to write a paper on Economist Paul Krugman. Has to be done tonight. I got $48 dollars in "tutor credits" it's all yours for a good paper....
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