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The Alliance pays the Blue Hands men to seize the crew of Serenity. They pay $126,000 to have six crew members seized or killed. Each arrest costs twice as much as the previous one. What is the marginal cost of the fifth arrest?
The Fraser is a large river running through the Fraser Valley and past the city of Vancouver. The original port Mann bridge, built in 1963, was replaced by a new toll bridge in 2013. Another crossing at the old Pattullo bridge is not tolled, and is a..
Elucidate, with the aid of demand and supply curves, the impact of increased crime on the demand for private security services. On your diagram, show the changes in the equillibrium price and quantity.
Discribe the difference in economic profit between a competitive firm and a monopolist in both athe short and long run. Which should take longer to reach the long-run equilibrium?
What are lags in monetary policy? What causes inside and outside lags in monetary policy?
The two goods are money and ice cream and eating more than a certain amount of ice cream makes the consumer sick. If you assume that the consumer can dispose of unwanted ice cream at no cost how do the indifference curves change?
A firm's production function is qi = .2*Ki.2Li.4. The wage rate in this area is w = $15, and the cost of capital is r = .05. a. Find the firm's short run cost function, if Ki is fixed at $100,000. b. If the good is exported around the world at a pric..
Consider Bertrand competition with homogeneous products. Two firms, 1 and 2, produce an identical product and compete by choosing price. Consumers buy from the firm with the lower price. If the prices are identical, however, assume all consumers buy ..
A bank has $100 million in excess reserves that it wishes to lend. Through the lend-spend-deposit cycle, by how much could the money supply theoretically expand?
What would have happened to the money supply if the currency–deposit ratio had risen but the reserve–deposit ratio had remained the same? What would have happened to the money supply if the reserve–deposit ratio had risen but the currency–deposit rat..
What combination of T and M will you choose? Suppose that the price of day trip rises to $80. How will this change your decision making?
Is free trade always a good policy? Using Paul krugman's "is free trade passé?" And bhagwati's paper on labor and environmental standards, comment on the status of US free trade policy. Make sure to add your opinion on NAFTA. In what ways can nafta h..
Solve for equilibrium real output and also solve for the equilibrium interest rate.
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