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A parent has a pile of toys to divide between two children. Assume that there is an even number of each toy. What method of dividing the toys ensures that the final division is efficient?
A) Divide the pile equally
B) Give each toy to the child who cries the loudest
C) Divide the pile so that each child is equally happy
D) Let one child dived the pile into two parts, and the other child decide who gets which part
E) Divide the pile arbitrarily, and then let the children trade toys until there are no more mutually beneficial trades
Under what situation would Gore be better off giving Bush a head start on putting mutually his presidential ticket.
illustrate what type of unemployment will then occur. What is the natural rate of unemployment.
A fleet manager must choose between two trucks to purchase for a company's fleet. The company will keep either truck for 4 years. Truck A costs $29,000 and has a market value of $16,000 after 4 years. Truck B costs $33,000 and has a market value of $..
After looking at some reports, you come to the conclusion that when price is 2, quantity is 1, and when price is 6 quantity is 9. Using the midpoint formula, what is the elasticity of this curve over the range provided. a. 5/8 b. 5/4 c. 8/5 d. 2 ..
Cara has available h = 3000 hours per year for participating in the labor market and for leisure. She gets a wage w = $18 for the first 2,000 hours of work. If she works more than that, the wage on the additional hours is increased by 50%. She receiv..
suppose that a new law requires every firm to provide its workers with free parking spaces. these spaces are worth 200
Open a Word document and insert the image by pressing the Ctrl+V keys simultaneously. Give reasons to explain what the government would have to do to keep the unemployment rate at 3 percent
In addition to wages, what other factors influence an individual to choose one job over another? Consider jobs like those on some popular TV shows like Deadliest Catch and Ax Men. While these individuals are not guaranteed a high salary, why might th..
What are the gains and losses of international trade? What happens when tariffs are imposed, in terms of the importing and exporting countries? Use graphs as needed and explain your answers thoroughly.
Assume your elasticity of demand for your parking spaces is -0.5 and price is $20 every day. If your MC is 0 and your capacity at 9 a.m. is 96% full over the last month are you optimizing.
Did the economic recession we've experienced recently affect your organization
Explain a worker’s labor-leisure choice associated with a wage decrease (assuming non labor income does not change). Illustrate the income and substitution effect associated this wage change on an appropriate graph. Label all curves and axis.
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