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A night-club owner has both graduate student and professor customers. What will the cover charge be for professors?
What were some of the key policies of neoliberalism and how did they reshape not only the US but the world?
What is the shape of the inverse demand function (hint: consider the cases n = 0 and n = 1 closely)? For a given price, what are the possible equilibria?
Construct a subgame perfect equilibrium of the infinitely repeated price game. In which state of demand is it harder to sustain the cartel?
Suppose now that market demand for skiing increases to QD = 9000 - 60P. What is the Nash equilibrium price outcome for this case?
Does this make sense for such incremental business decisions (i.e., whether or not to proceed with a new project)? Explain why or why not.
Explain how elasticity supply impacts a product you buy on a regular basis. Include how one factor of supply elasticity could change the elasticity of demand.
Based on what you learned from the simulation (4 taxis, one with a profit of $23), what factors would determine your entry and exit into a market?
How many units of each input have to be used? What will be the minimal cost of producing units of output?
explain why referring to these individuals using such derogatory terms may be short-sighted, particularly for those with children and/or those unable to afford.
What other facts about demand and supply and market outcomes would you need to know to verify this claim?
What role does a well-stated research question play in ensuring we avoid misalignment? Or is it something that can happen at any point?
The table below shows both incomes and expenditures. Explain how real GDP and nominal GDP differ. Why is it important to calculate real GDP?
Suppose that there is no discounting (i.e., d = 1). Find the subgame-perfect equilibrium in this game. Find the subgame-perfect equilibrium in this game.
Can you draw a PPF if the resources are not specialized? Describe the pattern of opportunity costs if resources are not specialized. Explain.
What has caused the rise of anti-vaccination (Relate this not only to measles but to the COVID-19 pandemic as well)?
How does that lead to an increase in overall welfare for society? How did these governmental actions create those markets?
A price quote for equipment at Paul Engineering has been received at a cost. If the interest rate is 10%, what is the expected EUAC for this equipment?
Use a production function and indifference map to illustrate how much Robinson will work and how much he will consume in this economy.
A monopolist has demand and cost data given in the table below. The P column gives the demand data. How many units should this firm produce to maximize profit?
Show the firm's breakeven and shutdown points. Show the firm's supply curve. The wages of labor go up substantially. Draw what happens to firm's cost curves.
There are various literature outlining role of institution in economic growth. How poor management of institutions may actually restrict growth and development.
Why is Rousseau such an advocate for personal freedom and liberty? What's his view of despotic leaders?
What would be the firm's profit, consumer surplus, and deadweight loss if the consumer uses 20 kWh of electricity per day when the monopoly charges 26.67 cents/
Describe the seven steps of stakeholder analysis and relate them to an issue discussed in the ethics of employment in the horse industry?