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ASSIGNMENTS
1) When we look at the issue of the ability of markets to function (hopefully well) what are some of the issues that factor into the fluctuation of markets, both on a domestic and global level? How does this affect us on a daily basis?
2) As often noted in the media, the federal government appears to be bound by decision making that is influenced by the different actors involved. These actors include political parties, lobbyists, political interest groups, and influential citizens, to name a few. As you reflect on this week's readings, consider all the factors that may affect the ability of Congress to come to a consensus on healthcare reform and policy.
Show that the optimal amount of the public good isthe same in every Pare to efficient allocation. What is this amount? Will the optimalamount of the public good change if the initial wealths of the two individuals change?
describe key types of contract structures and explain how they can impact vendor performance. describe some of the
"Starting a sole proprietorship or partnership type of business is better because the profits from the business will be enjoyed by only a single owner or a few partners." Do you agree or disagree with this statement? Why?
Let Tom’s utility function be U(C,L) = ??! + 3×??! . If Tom has 10 hours to split between work and leisure and his wage rate is $5 per hour, what would be his optimal allocation?
Compute Kelson's short-run supply curve for its product.
Suppose that the markup of prices over costs increases to 10%. What happens to the natural rate of unemployment? Explain the logic behind your answer.
1.discuss the role that discounting plays in a dynamically efficient allocation of non-renewable resource use through
A fleet manager must choose between two trucks to purchase for a company's fleet. The company will keep either truck for 4 years. Truck A costs $29,000 and has a market value of $16,000 after 4 years. Truck B costs $33,000 and has a market value of $..
If the marginal cost ofplantingand harvesting an acre is $7000 per acre for each of the five acres, how many acres should the farmer plant and harvest?
What will be the equilibrium levels for w and l in this market?
How much labour should be allocated to plant Alpha and to plant Beta? And, at the best allocation, what is the output produced?
What cultural differences do you need to be sensitive to in the process?
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