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Explain factors that weaken the case for the public sector action such as: the special interest, the shortsightness effect, rent seeking, and weak incentives for operational efficiency.
Now assume that once he earns $400 he loses all his food stamp assistance. How does this change his budget constraint.
Moldovan authorities declared not only once that y want to sign an agreement with IMF that would not envisage Moldovas financing. Can fund accept such a scenario.
q.representative consumers have the utility function ucls lnc ln1- lsrepresentative consumers have labor endowment of
Consider an auction with 1,000 risk-neutral bidders. It is know that these bidders have affiliated values. Based on this information we know the expected revenues for the different auction types will be
If marginal utility is declining over a period of time during which the consumption of a good is occurring, If two goods have the same price, then
How much must be deposited in an account to have annual withdrawals of $1000 forever? Interest is compounded quarterly and the interest rate is 9% for the first 10 years and 10% thereafter.
q. an independent trucker has the following options. if he buys expensive machinery then he can hire fewer drivers to
The market demand for another product you are considering selling is Q(p) = 100 ? (1)p and as the 2. only producer of this product your production costs would be C(Q) = 40Q. What is the market price elasticity of demand at the optimal quantity?
The marginal cost of production is $1.40 to firm 1 and $3.20 to firm 2. The transportation cost is $1 per mile. What is the Nash equilibrium price charged by firm 1? What is the Nash equilibrium price charged by firm 2?
Describe what a manufacturer of each product might do in the short run to increase production.
Suppose you were manager of restaurant and you were told honestly that a couple eating dinner has just seen a mouse, what would you say to them, how would you recover from this service crisis.
Explain how a price increase could be better for society than not raising the price of a product or service. Why does central planning not work efficiently?
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