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Current technology revolution that we are experiencing offers many, many ways to communicate with one another. Do you think that it is affecting the amount of time spent on face-to-face communicati
General description of your model, the relevant market for your model, the primary variables of interests, the data requirements, and any potential bias in your results.
You are in charge of assessing the incremental benefits. What method would you choose to derive the estimation? Explain briefly.
Use a production possibilities frontier to illustrate the production options. Be sure to label your drawing. Using your diagram, illustrate the opportunity cost of producing more Taffy. Label your n
Does it make any difference whether the government cuts taxes in a way that reduces marginal tax rates or in a way that does not reduce marginal tax rates?
Imposes a 5% ad valorem import tariff on rubber and a 10% ad valorem import tariff on cloth. The United States also imposes a 15% tariff on imported sneakers. What is the effective rate of protectio
Draw a graph of the demand and cost conditions facing the firm. Is the firm making the profit-maximizing decision? Why or why not? If not, what should the manager do?
Nationalize" certain banks deemed too big to fail. Discuss what do you think has happened to the supply of banking services and the price of banking services in general.
Economics assumes that everyone would like to consume more of everything but we (as consumers) only have a limited quantity of resources with which to satisfy our consumption. Critically explore you
Suppose you have $900 in savings when the price level index is at 100. If inflation pushes the price level up by 18 percent, what will be the real value of your savings?
Find the SPNE of this game. Is there an outcome of the game that both parties prefer to any SPNE? And find a NE for which the outcome di¤ers from any SPNE outcome.
Draw the extensive form game tree for this example. How many strategies does player 1 have in the strategic form of the game? Also, give an example of a pure strategy for player 2 in the strategic f
The general rule for allocating a productive resource efficiently across different production activities of the same product, like fishing boats in the text case example, is to choose the allocation
The station and a number of marketing factors related to oil industry and demand for gasoline. After careful analysis, Susan developed. What is the Maximax decision? Develop an Opportunity Loss Table
Assume a diagram in which a budget line is imposed on an indifference map. A consumer will maximize her utility: at any point where the budget line and an indifference curve intersect.
Draw the decision tree for this problem without the probability values. Compute the revised probabilities needed to complete the decision, and place these values in the decision tree.
What is the savings rate? What would the government, private, and national savings and their rates be if the government introduced taxes T = 20 while the other variables remain unchanged?
suppose a firm is collecting $1250 in total revenues and the total cost of its variable factors of production are $1000 at its current level of output. In the short run one can predict that the fir
According to the circular-flow diagram GDP can be computed as payments firms make to factors of production but not as revenues they receive from the sales of goods and services.
Will this shift the labor supply curve,demand curve if both in home construction? How will this affect wages and number of workers in hone constuction?
Increase Social Security benefits by the same amount. How will this combined tax-transfer policy affect aggregate 5. If the AD shortfall is $800 billion and the MPC is 0.8.
At what price of food in terms of manufactures would A and B respectively supply food? Would trade take place between A and B in David Ricardo's world? How many manufactures could A supply?
Domestic demand curve is D = 75,000,000 - 500000P. Draw the US demand and supply curves for oil and indicate how much is imported in barrels of oil and its value per year.
What would happen if instead a policy was instituted that reduced barriers to entry in the hospital sector and therefore made the market more competitive?