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Then describe the advantages eBay might have had over Alibaba.com. Be sure to include a discussion of lock-in effects where appropriate.
"In the Undercover Economist, Harford discusses Greenbelts. What is a Greenbelt and how does it affect demand and/or supply? What are other examples of "greenbelts"?
Research comes out that supports that drinking more Green Tea helps to keep you healthy. Ceteris paribus, what would you expect to happen to the market (equilibrium P and Q) for Green Tea based on
The National Commission on BP Deepwater Horizon Oil Spill and Offshore Drilling released its report in full in January 11, 2011. The report stated: Evaluate whether and to what extent the human fail
He purchase more chips and less ice cream, purchase more ice cream and less chips, or stay at the same purchase level (10 units of chips and 7 units of ice cream) to maximize his utility? Why?
the government imposes a limit on what producers may charge. Cite at least two ways that consumers may be paying for these goods.
Consider a consumer who lives 2 periods. She has initial real wealth of 0, current real income of 90, and future real income of 110. The real interest rate is 10% per period. How much will she save
As many hours as she can work. If her goal is to maximize the amount of money she can make each week, how many hours will she work at the bookstore?
Total industry sales are $105million. The top four firms account for sales of $10 million, $9million, $8 million, and $5 million, respectively. What is the four-firm concentration ratio?
They want to know whether the prices of the cars they sell are more influenced by the age of the car or by the mileage on the car.
Provide and explain any restrictions on the parameters x, y and z. (You may focus your analysis to restrictions on the parameters for the specific case when P=I=1 if helpful).
The cost of production rises due to a rise in the price of a milk. Use a demand supply model, to determine what happen to the equilibrium price and quantity in this case.
Given the following annual information about a hypothetical country, Personal consumption expenditures $200. What is the value of net domestic product?
To infer the political tendencies of the students at your college/university, you sample 150 of them. Only one of the following is a simple random sample?
Explain with the help of appropriate diagrams whether the following statement is true, false, or uncertain: "An increase in autonomous investment will cause equilibrium output to increase.
Suppose at Columbia University, grade point average (GPA) and SAT scores are related by the conditional expectation E(GPA|SAT) = .90 + .001 SAT. Find the expected GPA when SAT = 1600.
Suppose we use two inputs, lets say capital and labor, and the price of capital is Pk and the price of labor is Pl. If we want to know the optimal input combination in the long run, what condition
Graph these two demand curves (on two separate graphs next to each other, each with P on the y-axis). How many discs will be sold (total) if the price is $6? How much total consumer surplus do these c
Explain what the lump-sum principle would suggest about which way would allow the money to be raised with the smallest loss in overall utility. Then make an argument for why the government may still
the same amount of money on coffee as before (where the alternative is to keep remaining money for other things)? Explain your answer, including a discussion of the relevant price elasticity issues.
Graph Paula's budget constraint and initial utility-maximizing choice, putting deli meals on the x-axis. Write down the equation for the budget constraint - what is its slope.
Explain whether the following events would result in a move along an individual's demand curve or would cause a shift of the curve - and if it would cause a shift, provide the direction of the shift
If Y is 10 and Pf is $1, solve mathematically for equilibrium Quantity and equilibrium Pb. If the average income in the town increases to 15, solve for the new equilibrium Quantity and equilibrium Pb.
Gerry receives a raise from $10 per hour to $12.50 per hour. After the raise, Gerry increase the number of channels in her cable subscription from 50 to 75,.What is Gerry's income elasticity of cab
What is the market price elasticity of demand for discs at the price of $12? Is demand at that point elastic or inelastic? What is the elasticity at a price of $ 4? Is demand at that point elastic o