Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Solved Assignments
Asked Questions
Answered Questions
Derive the equation of the contract curve. Find the competitive equilibrium price ratio. Determine whether a pareto-improving trade exists.
Provide example of price discrimination from your personal experience that thought was unfair. Do you still believe the price discrimination is unjustifiable?
Why do we feel we need all this stuff? What does that say about us as a society? Are we actually becoming happier?
Discuss how these characteristics change the perfectly competitive graphs. Does the process for deciding on the optimal price and quantity change?
What is the equation for the union's marginal revenue curve? What is the equation for the firm's marginal expenditure (on labour) curve?
Graph the marginal cost curve, average cost curve, and average variable cost curve (we will discuss these concepts more on Tuesday March 21).
Now price of good y increases to $6 while price of good x remains at $6. Jack's income remains at $120. Calculate his new utility maximising consumption bundle.
Calculate the amount of deadweight loss to society from not having perfect competition in tickets.
When firms have heterogeneous costs of abatement, tradable permits are more efficient than a carbon tax set equal to the social cost of carbon.
Describe one challenge of the country's health care system. Discuss one lesson that the United States could learn from the health care system.
Do potential restrictions on advertising in these markets serve interest of a government that is interested in maximizing its tax revenue from sale of products?
What are the long-run demands for capital and labor? How do Margarita Robotics' marginal and average costs change with increases in output? Explain.
If Taiwan is importing an increasing amount of goods from Japan. Create an increased demand for new TWD's in the Currency Exchange Market for TWD's.
Discuss what this law is and provide an example of diminishing marginal utility you've encountered recently.
Moving from free trade to the 100% tariff, by how much does the producer's surplus change? What is the deadweight loss for Country A caused by the tariff?
Define Comparative Advantage and explain why having comparative advantage encourages or leads to international trade. Give examples as needed.
Find the water temperature that produces the maximum number of salmon swimming upstream.
Is being subject to such power reason for concern? What sorts of institutional reforms could mitigate such capacity to wield arbitrary power? Explain.
Fish raised in a farmer's fish farm do not suffer. Explain why are fish in the ocean an example of a resource that suffers from the tragedy of the commons?
If Gary is buying tickets for himself and up to 5 of his friends, then which statement best represents this situation?
If the first payment is made at the time of receiving the loan, what is the size of these annuities?
Given all this information, what is the total economic cost to Albert of attending the 1776 production?
A large media company is employing three PR managers, each earning $250 per day. What is the marginal cost (per day) of hiring the fourth PR manager?
Alliance Manufacturing Company is considering the purchase of a new automated drill press to replace an older one. What is the cash flow for year zero?
Give an intuitive explanation of why the two equilibriums are different. What policy Canada has adopted to reach the optimum level of basic research?