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People come from all around to catch fish to sell at the fish market.The total number of fish caught is F = 10x - x2 where x is the number of fishermen. Suppose it costs each person $20 a day to fish and that fish sell for $10 each at the market. At the social optimum,how much would it hurt all the other fishermen (combined) if one more person started fishing?
Does this event increase or decrease demand and/or supply? How does this change in demand and/or supply affect the equilibrium prices and quantity in the market? In other words, do they increase or decrease? Find the new equilibrium and compare it wi..
Consider two workers with identical preferences. Phil and Bill. Both workers have the same life cycle wage path in that they face the same wage at every age, and they know what their future wages will be. Leisure and consumption are both normal goods..
Compare performance of a single-price monopoly with that of perfect competition. Explain how price discrimination increases profit. Explain why monopoly can sometimes achieve a better allocation of resources than competition can.
Describe the current state of the U.S. economy using the two monetary aggregates (M1 and M2) currently published by the Federal Reserve. In your description, illustrate the trends of the two monetary aggregates. . Evaluate what the Federal Reserve Ba..
Where within the business cycle was the United States operating in October of 1929? Briefly compare and contrast the period of 1929 - 1932 with what has taken place in the United States over the past 4 years. While you may feel what happened in 1929 ..
How to do Empirical Investigation part of my project. my project as on Volkswagen company and this stage is the last stage. while in this stage my professors want to do empirical study which should include the following things. Planned research metho..
In a dynamic economy under ideal conditions,
What is the best definition of the basket of goods and services included in the consumer price index?
A risk-neutral, price-taking firm must set output before it knows the market price. There is a 50 percent chance the market demand curve will be Qd = 10 - 2P and a 50 percent chance it will be Qd = 20 - 2P. The market supply cur–e is estimated to be ..
If Mutual Fund A held equal amounts of 100 stocks, each of which had a beta of 1.0, and Mutual Fund B held equal amounts of 10 stocks with betas of 1.0, then the two mutual funds would both have betas of 1.0.
Consider the following two constrained optimization problems: Problem 1: max/min xy subject to x^2 + y^2 = 50 Problem 2: max/min xy subject to 2-x-2y = 0 i. Using the Lagrange approach find all critical points and the value of the Lagrange multiplier..
An economy has $72, to divide between Hamlet and Ophelia. Hamlet has the utility function u[H] = U[H] (m[H]) = 3m[H], where m[H] denotes his quantity of money. Ophelia has the utility function u[O]= U[O](m[O]) = 42sqrt(m[O]), where m[O] denotes her q..
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