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Resource Curse
Policy Discussion Questions
Submit your answers by Friday (2.5 points each).
1. From your perspective, how would suggest managing resources to limit the effects of the resource curse?
2. If you were to conduct a Cost-Benefit Analysis of an open pit mine, other than accounting costs (construction, labor, operations and maintenance), what other costs would you include?
Note: there is no right or wrong answer here.
q1. if the economy currently has a frictional unemployment rate of 2 percent structural unemployment of 2 seasonal
Do you think in legal matters and health matters and so forth people should be economically valued differently? or should there be one standard amount each person is worth/
Group health plans, that offer policies covering all of a firm's employees, can partly address the adverse selection problem by:
How does Ticketmaster's "dynamic pricing" affect ticket sales, total revenue and profit? Does Ticketmaster provide a valuable service, or is it a necessary evil to purchasers of event tickets?
Show that each of these has a diminishing MRS but that they exhibit constant, increasing, and decreasing marginal utility, respectively. What do you conclude?
Elucidate how which any two pure strategy equilibria of a zero-sum game are interchangeable also equivalent.
If the market supply increases and, simultaneously, market demand decreases, the new equilibrium will show:
Show and compute the following (don’t use Key Ratios precomputed from the site). Compute the ratios using the methods described in this class (which may not always give you the same number as shown in Key Ratios). Note that sales = Total Revenue, and..
assume an urban clusters income i is given by the function i4n-0.05n2 where n denotes the clusters population in
Make the assumption that an economy has no external effects and all actors are perfectly informed. In addition, one good is produced by a firm who is a non-discriminating monopolist (known as Frontier Firm).
Walmart is laying off cashiers, and increasingly adopting the policy where customers must use self checkout or pay a fee. Jason Clarke is the manager of a Walmart. There are 20 cashiers and 8 self-checkout stations in this store to serve 1000 custome..
A machine that has been used for one year has a salvage value of $10,000 now , which will drop by $2000 per year. The maintenance costs for the next 4 years are $1250, $1450, $1750 and $2250. Determine the marginal cost to extend service for each of ..
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