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Consider a society with three individuals deciding whether or not to build a bridge. Adam and Bob get 5 utils from building the bridge, and Cathy gets -20 utils. Does the Median Voter Theorem predict the bridge gets built? Suppose individuals can lobby the government at a disutility of 10. Does the Theory of Collective Action predict the bridge gets built?
q1. if consumption increases by 12 billion when real disposable income increases by 15 billion illustrate what is the
Which he can trade at the going prices. He has no other source of income. Illustrate what is Nick's gross demand for x.
Calculate the income elasticity of demand for each of the following goods: Quantity of demand when income is $10,000 Quantity of demand when income is $20,000
Pretentious that yields for each stock are around generally distributed, with which investment strategy do you have the smallest chance of losing money?
Compute new supply of $ at each exchange rate and graph the new supply curve.
q1. manipulate demand of price elasticity. suppose that 50 units of a good demanded at a cost of 1 unit. a reduction
Suppose a certain state increases the license fees that physicians must pay from $500 to $2000 per year. Trace out the impact of the increase in fees an average cost, average variable cost, fixed cost, and marginal cost for physicians operating in th..
Calculate the impact of an increase in desired currency holdings (currency drain) on the money supply from 10% to 15% when the reserve ratio is 10 percent of deposits, and central bank’s balance sheet is presented below in billion dollars:
Shawn Bates was working to establish a business enterprise with four of his wealthy friends. Each of the five individuals would receive a 20 percent ownership interest in the company. A primary goal of establishing the enterprise was to minimize the ..
An amount, P, must be invested now to allow withdrawals of $900 per year for the next 13 years and to permit $320 to be withdrawn starting at the end of year 6 and continuing over the remainder of the 13-year period as the $320 increases by 6% per ye..
A Proposed improvement in an assembly line will have an initial purchase and installation cost of 15000 annual maintenance cost 5000 periodic overhauls once every 3 years excluding last year last year 13000 useful life of 9 years no salvage value pre..
Does the company behave like a monopoly or more like a competitive firm? Has the monopoly been cited for monopoly behavior?
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