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From kaldor-hicks efficiency point of view, discuss the importance of the level of compensation in the context of eminent domain. What are the efficiency implications of errors in determination of compensation?
Suppose that the government raises the minimum wage to $10.10. Thinking of the four Marshall's Rules of Derived Demand as they apply to a particular industry, analyze the conditions under which job loss among teenage workers in that industry would be..
When airlines increase the number of safety inspections of their engines,
Consider the following utility function, which specifies Carina’s preferences over two goods, donuts (D) and brownies (B). (Please note that we call this type of utility function quasi-linear.) U(D, B) = 3D + 2Bˆ 2 (a) (10) Plot an indifference curve..
According to the article about the gasoline shortage, which way is the demand curve shifting
Determine the balance at the end of year 5 if a new account is opened with $500 and periodic payments of $200 are deposited into it for the 5 years. The account has a 5% NAR with the following conditions.
her current consumption choice is four bottles of wine and 10 pounds of cheese. The price of wine is $10 per bottle, and the price of cheese is $4 per pound.
Apple feels it is a price leader in the mobile phone market with all the other producers acting as followers. the total demand for mobile phones is given as: Apple's Marginal cost function for their mobile phone is: if apple wants to maximize profits..
what is the marginal utility of X? If a consumer moves downward along an indifference curve, what happens to the marginal utilities of X and Y? What happens to the MRS?
A structure with a 40 year life span has an initial cost of $800,000. maintenance costs will be $30,000 every 5 years. how much money should the city borrow now to carry out the entire project including maintenance . the interest rate is 5%.
You may be aware that there are three types of profit: accounting profit, economic profit, and normal profit. The difference between the total revenue and the sum of the explicit and implicit costs of an organization results in economic profit. It is..
after the fourth you wince, "No more, the after-taste is getting to me. I need water." What economic principle does this scenario illustrate? Define the principle.
Goleta Brewing Company hires only two types of labor, managers and brewing assistants (denoted by M and B, respectively). GBC has the following Cobb-Douglas production function F(M,B) = m5 B5 and wants to produce 10 barrels of pale ale this week. How..
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