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Suppose Alphonso's town raise the price of bus tickets from .50 to 1.00 and the price of burgers rises from 2 to 4. why is the opportunity cost of bus tickets unchanged? suppose Alphonso's weekly spending money increases from 10 to 20. how is his budget constraint affected from all 3 changes
Put the following arguments into standard form for their type and evaluate for strength according to the criteria for that type. Some reconstructions might involve adding premises. One third of the 4,800 species of frog are threatened with extinction..
Sales personnel, whether selling life insurance automobiles or pharmaceutical typically get paid on commission instead of a straight hourly wage. How does paying a commission help solve the principal agent problem between the owners of a business and..
Burger King and Wendy’s are engaging into the following one-shot game: if Burger King advertises and Wendy’s does not, Burger King will make $20 million in profits and Wendy’s will make $6 million. Write the payoff matrix for the above game. Does Bur..
Which database property type increases the efficiency of a search on the designated field in the physical database? Validation rule Validation text Indexed Expression
Consider a monopolist that vents an ozone reducing chemical into the atmosphere as a consequence of their production activities. Is this outcome efficient? Explain with the help of a diagram. Does the monopolsit have an incentive to reduce their poll..
Use a money supply and demand diagram to answer the following problem: Everything else being the same, what is the effect of an increase in interest rates on the price level? Discuss the process of adjustment to the new equilibrium.
Suppose we have a game G with an epistemic background such that (1) every player has beliefs consistent with knowledge, (2) every player is rational and (3) every player knows the type of every other player. Then such a game has a Nash Equilibrium.
How does what we measure determine successful or unsuccessful outcomes. Give concrete examples of measurement and/or measurement systems and how they determine outcomes. In addition, discuss the definition of success from an individual, corporate and..
Determine the quantity demanded, the quantity supplied, and the magnitude
According to Transparency International (2014) Why do you think the U.S. does not have a perfect score? What does it need to do to improve its corruption perception index?
q. suppose that the total stock s0 of a nonrenewable resource is 15 units. the quantity demanded of the resource in
How does a cut in interest rates that increases investment affect the quantity of real GDP demanded, the aggregate demand curve, real GDP, and the price level?
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