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Suppose utility had been linear in wealth would this person be willing to pay anything more than actuarially fair amount for insurance? How about the case where utility is a convex function of wealth?
At the end of 1973 Japan had a per capita real output of $14,379. If, on average, Japan’s real per capita output grew at a rate of 3 percent per year between 1973 and 1993. What would Japan’s output per capita have been at the end of 1993?
prepare a package of forms and instructions to disseminate to each division head. the purpose of this package is to
Suppose the state of California needs to increase tax revenue. The government is considering raising the per-unit tax on consumption good in order to generate more tax revenue.
Recognize similarities and differences among common goods, public goods, private goods, and natural monopolies.
what conditions must exist in order for a pure monopolist to achieve economic profits? is the profitability of a firms
if you have the utility function uxy min3x y 4y. where x is measured on the horizontal axis and y is on the vertical
you are assigned the task of computing the variable capital and labor costs for cost cutters production level. below is
Normal 0 false false false EN-US X-NONE X-NONE The gradualism and pragmati..
two very different commercial sectors produce a common airborne pollutant located in two different geographic regions.
a firm that you have done business with recently. What industry does this firm belong to? For example, McDonald's is a firm in the fast food industry. What market structure would this industry fall under? What are the names of other firms in this ..
assume two airlines serve many of the same routes. travelers notice there is rarely any significant difference in
Write down maximization problem of firm and find labor demand curve
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