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Alcohol is illegal in dorms at ACME college. Why are students more likely to sneak in a couple bottles of, say, tequila, rather than cases of beer even though most would rather drink beer than tequila?
If the ABC company owns the exclusive rights to mine land in Afghanistan for Lapis Lazuli, a rare stone used in jewelry which is found only in Afghanistan, the company benefits from a barrier to entry.
yumi is a lawyer specialized in mampa. when she takes a case she receives 1000 as a basic payment. if she manages to
1. find an article online illustrating a change in demand or supply in some market.2. analyze the situation using
If the firm's goal is to maximize the efficiency of its labor expenditures, which of the three hourly salary rates should it use: $26 per hour, $36 per hour, or $49 per hour? By contrast, which salary maximizes the productivity of the car dealer's wo..
Describe each of the subsequent using supply and demand diagrams.
If technology advances so that computers become more useful to the firm.what happens to the marginal product of the two types of workers.
Depict an isoquant map depicting a typical firm's use of two inputs - white and black labor. Label its slope. What would be the effect of an increase the price of black labor from $12 to $13 and a decrease in the price of white labor from $13 to $12..
For example the Mexico's oportunidades program where large cash transfers were given to poor mothers conditional on preventive health care and child school enrollment. What is it at play here - behavioural economics or neoclassical
how many units of each product should she buy in order to maximize her utility. Show this utility maximiz- ing combination combination of Pepsi and Coke on the graph. how would her consumption and utility maximizing bundle of Coke and Pepsi change..
Suppose that the firms markup over costs is 6%, and the wage-setting equation is W = P(1-u+z) where u is the unemployment rate and z is equal to 0.03. What is the real wage as determined by the price-setting equation? What is the natural ..
What price do you expect allowances to sell for and if the government decides to implement a tax rather than a cap-and-trade system, what should be the tax rate?
Define depository institution, and discuss types of depository institutions are found in the U.S. and how do they act as intermediaries between savers and borrowers?
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