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Consider a class of 25 Microeconomics students, some of whom are confused about a concept after a professor explains it. A student who reveals his confusion by asking a question loses 10 utils. However, when the professor clarifies the concept, each confused student benefits 2 utils.
At what level of confusion (number of confused students) is a question from a confused student socially efficient?
Without participation incentives, will a confused student ask a question when it would be socially efficient? How will they know it is socially efficient?
How would you design an incentive system to generate questions from confused students?
Write a Java program that repeatedly asks the user to input a positive integer You maintain two running sums: the sum of even numbers entered and the sum of odd numbers entered by the user.
a. Find the probabiity that both adults dine out more than once per week. Round to 3 places b. Find the probability that neither adult dines out more than once per week. Round to 3 places c. Find the probability that at least one of the two adults ..
Why is capital relative scarce in low-income developing countries and relatively abundant in high income countries? In brief describe the capital market institutions in a developing country that you are familiar with.
if surgeons really have the ability to increase the demand for operations which kinds of operations will be most
A political campaign manager must decide whether to emphasize television advertisements or letters to potential voters (mail outs) to potential voters in an election campaign. Describe the "production function" for campaign votes.
"Hurricane Katrina damaged a large portion of refining and pipeline capacity when it swept through the Gulf coast states in August 2005. As a result of this, many gasoline distributors were not able to maintain normal deliveries. At the pre-hurric..
You work as an analyst at an investment bank. The CEO of the firm just came back from the Annual Policy Symposium at Jackson Hole. He tells you that he listened to the presentation by Professor Robert Hall, who chairs the National Bureau of Econom..
You are the manager of a local sporting goods store. Given the reservation prices, determine your optimal bundle pricing strategy.
What is the reality about marginal factor cost for a firm hiring labor in a perfectly competitive labor market?
There is a list of figures for a given year in billions of dollars. Using this data, compute the NDP , NI, PI, DI or net exports.
What type of tax structure is the "fairest." What, if any, alternative tax structure would you propose to replace the federal income tax?
Consider a homogenous-product Cournot duopoly model in which Q is the market output-Determine the best-response function for each firm. Draw a diagram showing the two best-response functions.
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