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consider the tragedy of the commons game with two shepherds a and b letsa and sb denote the number of sheep each
accounting for trade in goods and services suppose the following transactions occur during the current year1 lorenzo a
what will happen in the market for shotgun-shell ammunition now if buyers expect decrease shotgun-shell prices in the
a prospective change in government purchases suppose that people learn in the current year that government purchase
the profit-maximizing firm is operating in a perfectly competitive market where the market price is 100 and the
a political commentator argues congress and the president are more likely to enact an expansionary fiscal policy than a
what are ldquohealth disparitiesrdquo why are they importantwhat makes them worse what makes them better what can we do
a firm currently uses 100 workers to produce 200 units of output per day the daily wage per worker is 80 and the price
consider a production function that takes the form q20k34 l34 and assume that capital is constant at 81 mpl 5k34
1 which of the following would describe someone who would tend to benefit more from social security all that applyhigh
you are trying to determine how much your family needs to set aside for the four years you plan to attend college for
suppose that the equilibrium wage in industry a is 39000 industry b is riskier with workers having a 6 greater chance
which of the following events would unambiguously cause an increase in the equilibrium price of cotton shirtsan
gdp can increase from one year to the next by increases in prices while quantities of goods and services are constant
a monopolist sells to two groups of people and practices price discrimination by charging separate prices for each
the tax burden will fall most heavily on buyers of the good when the demand curveis relatively steep and the supply
which of the following changes would shift the demand curve for a good or servicea a change in incomeb a change in the
nash equilibriumdan and neil are playing settlers of catan dan has rolled a seven and just put the stopper on a field
cournot quantity competition in oligopoly marketthe demand for a mysterious good x in is q 10 minus p where p is the
perfect price discrimination by a monopolistthe demand for a good x in a town is q 10 minus p where p is the price of
monopoly marketthe demand for good x in a town is q 10 minus p where p is the price of good x per pound and q is the
a local ice cream shop in a beautiful miami beach realizes that its ice cream sales go up along with the number of
the inverse demand function for lemons is defined by p120-11q the inverse supply is defined by p83qin the past there
which of the following fed actions will increase bank lending you may select more than one answera- the fed buys 400
the ratio of consumer liabilities to consumer financial assets rose from just over 10 in 1950 to more than 30 in 2009