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Explain whether the following government activities is motivated by a concern about equality or a concern about efficiency. In the case of efficiency, discuss the type of market failure involved- regulating cable TV prices.
For a developing country to grow it needs capital. The major source of capital in most countries is domestic saving but the goal of stimulating domestic saving is usually in conflict with government policies aimed at reducing inequality in redistr..
Find out the average total cost and average variable cost as a function of the level of output. Assuming the firm has the same cost curves in the long-run for q>0 and C (0) =0, how much will it produce in the long-run?
Your example should be original -- not one from the textbook or my lecture. Make sure response explains how optimal firm behavior will lead to scale and substitution effects. Also explain the importance of the diminishing marginal returns assumpti..
Upon entering college, Meena borrowed the limit of $5000 on her credit card to help pay expenses. The credit card company charges 19.95% annual interest, compounded continuously. how much will meena owe when she graduates in four years?
What are the values in 2000 dollars of Nancy's monthly mortgage payments in 2001, 2002, 2003, and 2004 and list and describe four determinants of productivity.
Capital and labor are perfect complements in production for this firm - production process
a. If Mrs Siegal can only choose one alternative, and if she wants to maximize the most healthy days per dollar that she gets, which option will she choose? b. If the price of a pill ncreases to $3, which option will she choose?
Efficiency and sustainability are management goals with respect to renewable resources. As Field explains, biological and economic considerations are typically blended in determining the efficient allocation of these resources.
Assume that at current consumption levels an individual marginal utility of consuming an extra hot dog is ten whereas the marginal utility of consuming an extra soft drink is 4.
Mention the four assumptions for the Monopolistic competition model.
Nominal GDP in a country was $8,759.9 billion in 2003 & $9,254.6 billion in 2004. The price index was 102.86 for 2003 & 104.37 for 2004.
Suppose an economy with constant state unemployment. the separation rate is 2.5 percent per month and the finding rate is 47.5 percent per month.
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