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Decide the effect of trade on the real returns on dry land and wetland (call nominal returns RD and RW). Hint: how do changes in LC and LR affect the marginal product of land?
in the text we considered a sequential move game in which an entrant was considering entering an industry in
1. in problem 1 if charlies utility function were x5axb if apples cost 70 cents each and if bananas cost 10 cents each
Regulation imposes new costs on business, including direct, indirect, and induced costs. Which kind of additional cost is most significant to consider in the regulation process?
Explain what the Durbin-Watson statistic from regression indicates and Plot the residuals against time and comment on whether there is a seasonal pattern.
what are the expressions for AC's total revenue ,marginal revenue, total cost and marginal cost as a function of output? what is AC's fixed cost and what is the variable cost?
we constructed in class the exponential function ex with the property that dexdx ex. we also defined lnx as the
1. What does it entail?
what are these prices? b) How much output is sold at these prices and what is the profit in each market? c) Based on your answer in part a, justify why would the firm charge same or different prices.
Functions of Money) "If an economy had only two goods (both nondurable), there would be no need for money because exchange would always be between those two goods." What important function of money does this statement disregard. Suppose the money ..
research the university library and internet and select a recent news article concerning trends in consumption
A monopolist faces a demand curve given by the following equation: P = $500 − 10Q, where Q equals quantity sold per day.Assume that the firm faces no fixed cost.
An individual purchases a dozen eggs and must take them home. Although making trips home is costless, there is a 50 percent chance that all of the eggs carried on any one trip will be broken during the trip. The individual considers two strategies: (..
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