Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
If there is a minimum wage in this industry (above equilibrium wage/price), then the effect of removing this minimum wage would be to. Rank the absolute value of the coefficient of the price elastic
A production possibility frontier demonstrate maximum combination of inputs which could be used to produce output in a typical economy or the maximum revenue which could be generated from the sale of
Illustrate the law of equi-marginal utility. Describe with the help of diagram, how does a consumer attain equilibrium?
Show that the nominal rate of interest convertible once in every 4-year is to a nominal rate of discount convertible quarterly.
Describe the concept of the Optimal Harvesting Age with an illustration.
Select one option. The income elasticity of demandis positive only, is negative only, must lie between -1 and +1, can be positive, negative, or zero.
Derive the elasticity of substitution for the Cobb-Douglas production function q = f (K, L) = AKaLb
Differentiate between foreign direct investment (FDI) and portfolio investment as sources of private foreign capital.
Describe the concept of dominant strategy equilibrium. Discuss the concept of Nash equilibrium. Is every dominant strategy equilibrium Nash equilibrium? What do you understand by subgame-perfect equ
Provided the products below and events which affect them, indicate what happens to demand or supply, and equilibrium price and quantity in a competitive market. Identify the determinant of dem
Describe the main features of Harrod-Domar Growth model. How does the Harrod Domar model describe the occurrence of trade cycles?
What is the normal probability distribution function? Also state its properties.
What do you mean by a social welfare function? If you suppose that such a function exists, what properties of social optima would be considered by you? Discuss these properties.
Use Okun's law to answer the questions; ut - ut-1 = -0.4(gyt - 3%). Assuming ut-1 = 7% Compute the change in u (ut - ut-1) for each of the following values of gyt: 5%, 7%, 9%. How much has output gr
There are some economic commentators who do not see health care as being different to other goods and services and therefore argue that we should use the private competitive market in delivering hea
There are two brands of cell phones which are almost identical apart from for some minor features: the A-Phone and the Pomegranate.
Nancy is endowed with $1000 of income in period 0 and $315 in period 1. The market interest rate is 5 percent. Identify the excess burden and the tax revenue raised on your diagram and determine their
If a firm has total revenues of ten million, explicit costs of eight million and implicit costs of three million, then:
Demand for illegal drugs is inelastic. Much of expenditure on illegal drugs comes from crime. Suppose these statements to be correct, How would a successful campaign which decreases supply of drugs i
This is partly taken from a court case where one of my colleagues was a witness. Suppose that an employee is terminated without cause and that she sues the company for compensation. How much should
Use the moment conditions 4 to derive a consistent GMM estimator of (α,Φ). Does it require knowledge of the distribution of εt? Note that we discussed asymptotic properties of
Select a share from the market like LSE, NYSE, NASDAQ, etc. [Data sources can be Datastream, Google Finance or others]. Using suitable econometric techniques analyse daily prices, returns and volatili
Prevention of main swings in economic activity could be handled most easily by house hold sector, business sector, financial sector, government sector.
A firm in a perfectly competitive market invents a new technique of production which lowers its marginal costs. What happens to its output? What happens to the price it charges?
In order to address the concern that education may be correlated with unobserved factors such as ability, you would like to use mother’s years of schooling (motheduc) as an instrument for educ