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In imperfect competition, labour markets can lead to worker exploitation in terms of their wage rates they receive compared with wage rates in perfect competition. Discuss this opinion.
Define the factor that estimate the slope of the LM curve and whether an increase in theses factor will make the curve flatter or steeper.
Why does the assumption of independence of risks matter in insurance What would happen to premiums if the probabilities of houses burning were positively correlated Can you think of a situation where they might be negatively correlated
Assume you are hired as a consultant by Barks Industries, a company in a monopolistically competitive industry. How would you advise the company in terms of pricing, output, resource usage, and advertising?
Why do producers have more interest in government regulations than consumers do (a) Compare and contrast the public-interest and special-interest theories of economic regulation. What is the "capture theory" of regulation
Write a report outlining what firms need to do in order to bring in the most talented people (from anywhere) and make the fullest possible use of their abilities.
What is the relationship between economies of scale and a natural monopoly? What is simultaneous consumption and how does it affect economies of scale? What are network effects and how do they contribute to economies of scale?
Suppose you are appointed to chair the Federal Reserve. Your twin goals are to maintain low inflation and to stabilize economic activity- that is, to keep output at potential. Why are these appropriate goals for monetary policy?
Describe the mechanisms used by investors in the share market to analyse and manage systematic and unsystematic risks.
Your report should be approximately two pages in length, you should use diagrams wherever appropriate and clearly state any assumptions underpinning your analysis.
What determines the slope of the per-worker production function How do "rules of the game" affect productivity and growth What types of "rules" should a government set to encourage growth
Being a rational consumer, at August prices Tony purchased 25 nuts. How many berries did he consume in August? What was the marginal rate of substitution at the optimal consumption bundle
Think a competitive industry consisting of one hundred identical firms each with the following cost schedule,
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