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A parent has a pile of toys to divide between two children. Assume that there is an even number of each toy. What method of dividing the toys ensures that the final division is efficient?
A) Divide the pile equally
B) Give each toy to the child who cries the loudest
C) Divide the pile so that each child is equally happy
D) Let one child dived the pile into two parts, and the other child decide who gets which part
E) Divide the pile arbitrarily, and then let the children trade toys until there are no more mutually beneficial trades
Illustrate what is equilibrium price of box. Is this long-run equilibrium price. Explain how many firms are in this industry when it is in long-run equilibrium.
If you advertise and your rival does not, you will make $ 10 million and your rival will make $ 3 million. If your rival advertises and you do not, you will make $1 million and your rival will make $ 3 million.
Describe the effects of decrease in the population growth rate on the golden rule quantity of capital per worker and on the golden rule savings rate.
Determine optimal number of plants that firm should have to take full advantage of market demand. Compare firm's profit with multiple plants with its profit with a single plant.
Higher risk-averseness will: a) increase the demand for health insurance b) reduce the demand for health insurance c) have no impact on health insurance demand
Explain what occurs when a new technology makes another one obsolete in terms of economic profit.
In a Cournot equilibrium, where both firms produce positive amounts of output, which firm do you expect to produce more. Explain your answer.
What is the difference between the rate of return between dollar and euro deposits? Is the prevailing exchange rate at an equilibrium level?
i firms often face the problem of allocating an input in fixed supply among different products. nbspfind the optimal
The firm increases its entire size until it makes 30,000 units a week. What would total cost be if the firm faces constant returns to scale?
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q.country economic analysis report country for indiacollect the following data for the most recent year available1 gdp
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