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Economist A and Economist B get together to discuss the implications of a new government policy that will move a military base from State X to State Y to reduce its operating costs. Economist A claims that he favors the new policy because the economic outcome is Pareto Efficient, while Economist B agrees that the outcome is Pareto Efficient but he does not favor the policy because the outcome benefits State Y at the expense of State X. Who is right? What are your thoughts about such a policy?
The yearly demand for coffee by U.S. consumers is given by the demand curve QD=250-10P, where Q is quantity.
Demonstrate by example about production which exhibits constant returns to scale.
Some personal computer software is sold at special discounts to students. Other software is provided in a less powerful version for students. Why do publishers offer discounts to students? What is the purpose of developing less powerful editions?
Entrepreneurs see an opportunity where others see obstacles. A recession is a great example. Recession means unemployment, difficulty paying bills, fewer customers, home and business foreclosures, and cost cutting in different areas for individuals a..
A commercial bank has no excess reserves until a depositor places $5000 in cash at the bank. The commercial bank then lends $4000 to a borrower. As a consequence of these transactions the size of the money supply has
Suppose you hired Janet, a real-estate agent, to help sell your house at the best possible price. As compensation, Janet will receive 3% of the selling price. Suppose Janet can sell the house in a few days by putting it on the market at $240,000, or ..
Name the top ten ways culture affects negotiations You must list all fen to receive credit.
q.the equation of capital accumulation is k k i - deltak where k is the capital stock at the beginning of the year i
To meet increased delivery demands, a Dairy company just bought 15 new delivery trucks. Each truck cost $30,000 and has an expected life of 4 years. The trucks can each be sold for $8,000 after four years. Using CCA Class 10 depreciation, determine a..
Elucidate how does the real wage rate at point c compare with the real salary rate at point a. How do nominal wage rates compare at those two points.
Fractional assessments can defeat overall state fiscal controls , which of the following controls or limits would not be impacted?
Find out the marginal revenue also the marginal cost functions and show them graphically. Find the monopolist's price, output, profit, and the price of the cost margin.
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