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Given the Zika virus spread which item (s) cost can be classified as excess burden? a. spraying of insecticides b. installing mosquito bed nets c. treating those found to have the virus d. all of the above e. a and b.
Suppose that capital's and labor's shares at .3 and .7. What would the effect be of increasing the pool of labor by 10 percent? If the increasing labor is due to population growth, will the resulting increasing have an effect on people’s welfare?
Suppose that the home country is relatively abundant in low-skilled workers and the foreign country is relatively abundant in high skilled workers. What good does the home country have a comparative advantage in producing? Explain.
Does either player have a dominant strategy? Explain why or why not? Is there a dominant solution for this game? c) Identify the Nash equilibrium of this game. Explain.
Given the Federal Reserve Board’s current and forward-looking position on interest rates, predict the level of risk associated with investing in bonds and recommend a portfolio percentage for investment in bonds for a financial institution. Provide s..
They value campaign funding in terms of dollars spent. Therefore, after spending ci on a campaign.
Consider a palletizer and a bottling plant that has a first cost of $150,000. It has operating and maintenance costs of $17,500 per year, and an estimated net salvage value of $25,000 at the end of 30 years. Assume an interest rate of 8% per year. Wh..
Compare the consumption levels of workers in both countries. Explains the diversity between the countries.
Barriers to entry help maintain market power and earn positive economic profits. These factors apply to all imperfectly competitive firms. Discuss these barriers are and provide a real-world application of it.
1. What is an associative entity? When must a many-to-many relationship be modelled as an associative entity? Provide some examples demonstrate this issue.
Defend your use of either monetary policy or fiscal policy to do this.
How much profit does the monopolist earn? How much consumer surplus is left? (if any) Calculate the social welfare loss.
For the CES utility function U(x, z)= x^p + z^p. Derive expressions for the optimal levels of good x and good z as functions of the price of good x, z,pz and income, Y. For simplicity assume that the price of good z is normalized to be 1. What is the..
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