Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
suppose that there is a credit market imperfection because of limited commitment as in the setup with collateralized wealth each consumer has a
1 suppose that there is a credit market imperfection because of asymmetric information in the economy there are n consumers a fraction b of consumers
the bloomington electric company operates in a stable industry and therefore has predictable dividend growth of 8 per year the most recent annual
give two level of incomes 100 and 150 draw demand curve for individual a amp b and then draw market demand curve for these two different kind of
suppose there are two countries home and foreign and that two goods can be produced within those countries machinery m and bread b marginal product
in a small rural town 150 people would like to be employed this is the supply of labor in order to make profits capitalists hire some of these
severe drought hit the coffee industry hard this year as a result more people are now switching to tea the first table below shows the original
1explain a coordination failure using the prisoners dilemma example above discuss coordination failure2 whats a market failure please define the
1 define and explain the concept of an externality provide examples of both positive and a negative externality2 the prisoners dilemma exerciseb
using the wage rate and output per hour as indicated on the table below calculate the output per dollar wage and unit labor cost then decide on the
the production function for a music company their cds is q 25kl where q is the number of cds produced each month k is the hours of equipment used
mikes preferences for consumption and leisure may be represented by the utility function uc l c-200l-80 his marginal utilities of leisure and
how many hours will an individual allocate to leisure if their indifference curves between consumption goods and leisure are concave to the
marvelous marvin spends his money on muffins m and a composite good c whose price you may assume is 1 throughout this problem marvins utility is u m
at a market price of 21 a toy what quantity does the firm produce in the short run and does the firm make a positive economic profit a zero economic
1- explain how a policy mix like the one used in 1990s could help reduced to eliminate the budget deficit without having an adverse effect on the
a explain why the pareto criterion does not provide a complete ordering of the ordinal utility spaceb the competitive equilibrium
the demand for one of parsons products has increased over the last few years and despite the extensive use of overtime and weekend working the
the owner of the sole stage-theatre in the city of vordervilla has found through experience that the cost of running his 600-seat theatre
the demand schedule for computer chips is given in the tableprice dollars per chipquantity demandedmillions of chips per
when alexs income increased from 3000 to 5000 he increased his consumption of bagels from 4 to 8 a month and decreased his consumption of donuts from
australians are turning to scooters to combat escalating petrol prices after a slump in the march quarter this year demand for scooters was up by
think about the demand for the three popular game consoles xbox ps3 and wii what is the effect on the demand for xbox games and the quantity of xbox
the price of petrol fell during the past yeara explain why the law of demand applies to petrol just as it does to all other goods and servicesb
following the tremendous success of the matthew hayden cookbook we are once more welcomed into the home-and more importantly the kitchen- of