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Suppose in an overlapping generations model, two goods are produced. The young can produce both goods while the old can produce none. a) Assuming that both goods depreciate completely at the end of each period and there is no money in the economy, what is the optimal allocation for the young and old generations? b) Is this Pareto optimal? c) Suppose one of the goods only depreciates at 50%. What are the new allocations?
What is Jims best affordable choice and by how much can T ticket prices increase without making Jim worse
A 50-kilowatt gas turbine has in investment cost of $40,000. It costs another $14,000 for shipping, insurance, site preparation, fuel lines, and fuel storage tanks. The operation and maintenance expense for this turbine is $450 per year.
Some states are planning that ethanol be mixed with gasoline to comply with anti pollution laws. Ethanol can be made from corn. Determine what effect are these rules having on the equilibrium price and quantity of corn?
Are the salaries received by professional sports athletes outrageously high? Must the CEO's of financial institutions receive more monetary compensations than entertainers, since their jobs contribute more to the development of the country? What are ..
Presently, AFC has on its medical staff 10 doctors and 10 nurses. The daily wage of a doctor is $600, whereas a nurse is paid only $200 a day. Write the equation for the medical isocost of AFC.
Explain the concept of a concentration ratio and is the concentration ratio in a monopolistically competitive industry likely to be higher than for a perfectly competitive industry? Explain your answer
Write an assembly language subroutine
A person chooses between leisure and consumption. The utility derived from any combination of leisure and consumption is given by the formula: u = LC - 88C where u is utility, L is the number of leisure hours per week, and C is the number of dolla..
research authoritative articles using the news and website for a recent case of antitrust investigation. you are free
Globalization provides Coke and Pepsi with both unique challenges as well as opportunities at the same time. It seems to a certain extent globalization has changed the industry structure but because of which factors? What are the factors? Outc..
In the analyses below, when drawing your diagrams assume that students can choose among only two products on campus, namely tobacco and food.
Describe and explain why a socialist system might be the best in responding to the needs of people struck by an emergency situation like the earthquake that occurred in Haiti in January 2010.
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