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What is the appropriate balance between private and public (i.e., government) activity? Think of a case where the government has intervened (or it was suggested that government intervene) in a previously private market (e.g. Chrysler, tariffs on Japanese luxury cars, the airline industry, etc). What other examples can you think of? Using a marginal benefit/marginal cost analysis, support or argue against the intervention.
Does either hospital have a dominant strategy (or any dominated strategy) Assuming they determine their strategies independently or one another, what are the hospitals' respective (Nash) equilibrium strategies Explain briefly.
To improve its standard of living, a nation’s economy must remain stable, grow through innovation or else.
Refer to the following data on the U.S. consumer price index and answer the questions below. a. Compute the inflation rate for each year 1989-2006. b. Which years were years of inflation c. In which years did deflation occur d. In which years did dis..
Explain is it false that the influence that FED policies have on excess reserves makes a difference.
According to law of comparative advantage , who should produce wheat and who must produce Cd palyer? Evaluate all relevant opportunity cost.
At fenway park, home of the boston red sox, seating is limited to 39,000. Hence, the number of tickets issued is fixed at that figure. (assume that all the seats are equally desirable and are sold at the same price.) seeing a golden oppurtunity to..
Explore how a firm determines the optimal scale of a plant for a given rate of output and why this determination relates to longer run strategies versus current operations. Also, discuss the differences between economies of scale and economies of ..
Explain the factors and mechanisms of growth, explain how governments use monetary and fiscal policy to manage the economy and use technology and information resources to research issues in principles of economics.
Bavarian Crystal Works designs and produces lead crystal wine decanters for export to international markets-What is the optimal level of production of wine decanters?
Assume Jean Splicer, an investor, buys $300,000 of shares of stock in a diversified bundle of Bio-tech company and exactly one year later sells those shares for $315,000.
You are the manager of a firm that produces products X and Y at zero cost. You know that different types of consumers value your two products differently.
After a decade long advertising war, NIK and REB are only two surviving company in the sport shoe market. The yearly demand in this market is given through P=100-0.5q.
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