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Can you think of some activities that are currently regulated or provided by governments that are natural monopolies, but for which an annual auction of the right to serve might implement the second-best solution? Why might postal delivery (local distribution, but not sorting) be an appropriate candidate?
What are the annual expected/required returns on EXXON and American Express
Suppose Mabel has a utility function U = I1/2. What is Mabel’s general attitude toward risk? How do you know? Explain.
Develop a theory based on the first assignment that could be estimated with multiple regression.
the maker of a leading brand of low-calorie microwavable food estimated the following demand equation for its product
What is the equation for aggregate demand (AD) for this economy? Calculate the equilibrium level of income and the multiplier. Calculate the size of the budget surplus (or deficit) for the economy
As an individual consumes more of a product within a given period of time, it is likely that each additional unit consumed will yield
New York, had a serious ice storm. Electric power was out in houses for many days. The demand for power generators rise dramatically, Yet the local businessmen did not increase their prices.
the next 3 parts to this question give changes that have occurred in the watermelon market.nbsp for each change in a
at the fishing hole people come from all around to catch fish to sell at the fish market. the total number of fish
assume that the short-run cost and demand data given in the table below confront a monopolistic competitor selling a
Using a real world experience in a free market (not government regulated) to explain a change that occurred in supply or demand as a result of world events that led to the need for a move among two equilibrium states. Describe the process of how that..
Consider this work situation: employee plays games at work all day and uploads an spreadsheet screen when boss is close. a) How is this an economic problem? How can you solve it with economic tools based on game theory?
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