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1.Explain why children are often viewed as public goods by two parents.If children are public goods from the household perspective, what implications may yield onthe effcient allocation of investment on children within a marriage?
2. Suppose you are going to a fancy restaurant with your date, there is an implicit agreement that you both jointly enjoys a meal but you are going to split the billevenly (date plan 1). Alternatively, you can go Dutch- not sharing the meal and everybody pays for themselves (date plan 2). Which bill is higher? Under date
Explain the origin of the Human Development Index. Explain the method of calculating Human Development Index.
In knowing about the regulations on executive pay (in the narrow field of banking) to limit moral hazard, maybe consequently creating a larger problem of adverse selection. Apply your knowledge of these topics and the larger set of knowledge of incen..
Discuss utility and some of the properties about people's preferences. one is that "more is better ".do you agree that is always the case and if not, do you have an example?
A friend borrows $930 today and promises to pay you back $1900 in 8 years. If inflation is expected to be 2.7% per year during this time, what is the inflation-adjusted rate of return?_______ % per year
Suppose you manage a plant that produces engines by teams of workers using assembly machines. The technology is summarized by the production function Q = 4KL where Q is the number of engines produced per week, K is the number of assembling machines, ..
The Duckett Group is trying to determine its optimal average cash balance. The firm has determined that it will need $8,100,000 net new cash during the coming year. According to the Baumol model, what should be Duckett’s average cash balance?
American Airlines announced a new pricing strategy that they believed would address concerns and benefit the company. Conduct further research on American Airlines' value pricing.
Identify and discuss at least two economic phenomena for which the linear-in-parameters/linear-in-variables regression model may not be appropriate. Select an economic phenomenon and determine which of the models discussed in this chapter would be mo..
Consider a perfectly competitive market where demand is given by P=84.20-2.15Q and supply is given by P=12.78+1.20Q. Calculate the equilibrium quantity and price.
q.a country home is populated with workers who produce either food f or clothing c. there are 200 workers producing
In a local market, the monthly price of Internet access service decreases from $25 to $15, and the total quantity of monthly accounts across all Internet access providers increases from 100,000 to 200,000. What is the value price elasticity of demand..
Life Cycle Cost Analysis (LCCA) does not include "User benefits resulting from project" or "Externalities resulting from project". Unlike analysis based on net annual worth, net present worth analysis does NOT require equal analysis periods for diffe..
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