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What are the advantages and disadvantages of a balanced federal budget? Should we pass a constitutional amendment to do so? Why or why not?
Two firms are competing in an oligopolistic industry. Firm 1, the larger of the two, is contemplating its capacity strategy, which we can broadly characterize as "aggressive" or "passive." The "aggressive" strategy involves a large increase in cap..
Show that for any bidder i, the bid of vi weakly dominates any lower bid. Show further that for any bidder i, the bid of vi does not weakly dominate any higher bid. Next, show that the action profile in which each player bids her valuation is not a..
your company is considering a replacement of an old delivery van with a new one that is more efficient. the old van
Assume that as the result of recent labor negotiation, wage rates are reduced by 10% in the production procedure employing only capital and labor.
Joe quits his computer-programming job
questionplace your answers in the table provided at the end of the questiona farmer expects to have three activities on
let the exchange rate be defined as the number of dollars per japanese yen. assume there is an increase in u.s.
The typical demand function of match tickets of FC Barcelona is q (p) = 200.000- 10.000p. The goal of managers is to maximize their revenue. The total capacity of the stadium is 100.000 viewers. Write the inverse demand function. What is the new inve..
What are the effects on monetary policy of production and employment within the economy
Jay's Silk Printing Co. is located in a small university town. The major portion of their business is custom printed sweatshirts for university bookstores. As a sideline, they also retail sweatshirts locally. The local demand for sweatshirts is: Q..
Gizmos, Inc. produces gizmos at an average total cost (ATC) of $20 and an average variable cost (AVC) of $15. The only fixed input used in the production of gizmos costs $20. What are the total costs (TC) and total variable costs (TVC) of Gizmo’s cur..
An American Company that sells consumer electronics products has manufacturing facilities in Mexico, Taiwan, and Canada. The average hourly wage, output, and annual overhead cost for each sit.
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