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How many different formulas can you think of for allocating a reduction in global CO2 among the nations of the world? Compare and contrast these in terms of efficiency and equity. Consider the equiproportionate and equimarginal principles, population, income, etc
Assume a continuous-time solow growth model with no technical progress. The economy is closed and there is no government sector. Labor supply is given by L_t = e^nt, n>0. The average propensity to save out of GDP is s,, with 0
Twenty-five examples of 150 online orders that were picked manually were inspected prior to shipping and a total of 36 orders were found to be incompleted or wrong.Compute control limits for p-chart. UCL=p+3p UCL=p-3p
One unit of object is going to be sold via auction. There are two bidders, A and B. Their willingness to pay are known to be either of 10,20,30,40,50 and bids are also restricted to those values.
Marginal Revenue of a Monopolist a. Prove mathematically that marginal revenue is always less than price, P(Q). b. Explain this intuitively as well.You may use a graph to help you. Remember marginal revenue is the money the firm takes in after sell..
Describe the argument of yardstick competition to control policy-makers. What are the main difficulties if yardstick competition is to be applied in practice to control performance of policy-makers?
Suppose demand for widgets is given by the equation P = 20 - 0.5Q. Originally, the price of the good is $10 per unit. When a tax of $2 per unit is imposed, the price of the good rises to $12 per unit. What is the excess burden of the tax
Identify key choices the author made in writing the story. For example, consider where the story is set, how the action is ordered, or how the characters are introduced and developed.
Does this evidence necessarily imply anything about the shape of the SRIA curve? How might you interpret these data?
A student taking economics, statistics, and finance has decided to spend 9 hours per week studying. The objective is to maximize the average grade, which means maximizing the total grade in the three courses.
Consider each of the following situations involving moral hazard. In each case identify the principal (uninformed party) and the agent (informed party) and explain why there is asymmetric information. How does the action described for each situati..
Suppose that fixed costs increase by $50 but the prevailing market price remains unchanged. Using algebra determine the effects of this change in cost on the profit maximizing output and the optimal profit. Do you see any change from your answer t..
1. for the each of the following functions 1 find a function for an indifference curve that delivers uu? units of total
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