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Entitlement programs affect the economy in many ways, yet it is considered by many as not being managed efficiently. Re-design at least two entitlement programs ensuring their effectiveness and eas
Assess capital investments using decision-making techniques that measure risk. Explain the reasons that can prevent a capital project from being approved.
Which were purchased in competitive input markets. Based on this information, what is the profit-maximizing price for a bag of brand x potato chips.
The inverse demand in a Cournot duopoly is P = a - b (Q 1 + Q 2), and costs are C1 (Q1 ) = c 1 Q 1, and C 2 (Q2) = c 2 Q 2 . The Government has imposed a per unit tax of $t on each unit sold by each
A monopoly has 2 production plants with cost functions C 1 =50 +0.1Q1(squared) and C 2 =30+0.05Q The demand it faces is Q=500-10P. What is the condition for profit maximization?
The economy of Kenya is in recession, and the recessionary gap is large. The World Bank hires you as its economist and asks you to describe the discretionary and automatic fiscal policy actions that
Describe the two key tools of monetary policy, and describe how they would be used by the Bank of Canada to implement a contractionary monetary policy.
Explain how the economy can adjust in the long run to restore full-employment equilibrium. Draw a graph to illustrate this adjustment process.
Explain the long-run adjustments that will create equilibrium with firms operating at their minimum efficient scale. Why is a perfect competitive firm associated with efficiency for both consumers and
Assume that the insurance market is perfectly competitive. What is the major reason for raising the premium? Adverse selection: less healthy people join the pool of insured and hence increase the risk
20,000 more workers are willing to work as school teachers, plot the new supply curve and find the new wage and employment level. why doesn't employment grow by 20,000?
If you were a manager at PepsiCo, would you try to convince your colleagues that introducing the new soft drink is the most profitable strategy? Why or why not?
The price elasticity of demand varies from 1.5 to 0.75. What can you say about total revenue curve over these two ranges of the demand curve as price falls?
Determine whether any given individual is a high- or low-volume transaction investor. Design a self-selection mechanism that permits you to identify each type of investor.
Borrow from the nation with the lower nominal interest rate, invest in the nation with the higher nominal interest rate, and profit from the interest-rate differential. Do you see any potential prob
One of the bidders is Sue, who knows her own valuation is $200. What is Sue's optimal bidding strategy in a second-price sealed-bid auction.
A profit-maximizing firm in a competitive market is currrently producing 100 units of output. It has average revenue of $10, average total cost of $8, and fixed costs of $200. What are this firm's
What do you think about the relationship between tort law and commercial productivity in the United States? Do you believe that companies should enjoy greater protections against potential tortfeaso
Is there anything that can point us towards an equitable solution to this problem while still protecting the environment we all share? What is that solution?
Critically evaluate the theory and empirical evidence on the optimality criterion for choosing an exchange rate regime. put into consideration cost of international transaction, long-run inflation
If a $50 billion decrease in investment spending causes income to decline by $50 billion in the first round of the multiplier process and by $25 in the second round, the multiplier in the economy is
Which of the production functions you have studied in this course would appropriately describe the production process at UJava? Give an example of such a production function, where B represents ounces
why the economy is experiencing high unemployment and what the government should do about it, how would each economist explain unemployment and what policies would each advocate?
Considering the determinants of productivity, list and explain some things that would tend to prohibit or limit a poor country's ability to catch up with the rich ones.
Testing procedures required by the US Food and Drug Administration raise the cost and price of drugs. Should we eliminate such requirements in order to ease inflationary pressures?