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To what extent are deadweight losses relevant when deciding which side to take in the age-old debate between free-traders and protectionists?
abc company owns a crane with an original cost of 500,000$,with an estimate salvage value of 200000.its life is estimated to be 15years.using straight line method, Compute book value at the beginning of year 9.
suppose that the demand and supply functions for good x are as followsqd 75 .004m - 4pqs -43 - .4pi 3pa. is this
Some economists believe that creeping inflation cannot be accepted because a gradual increase in prices leads to an ever-rising rate of inflation. Other economists argue that in order to achieve economic growth, some moderate price increases are nece..
Five ice cream vendors take up positions along a beach of length one. You may take it as given that there is a Nash equilibrium with two vendors at some point x, one vendor at 1/2, and two vendors at point 1 x. Find x, and justify your answer.
the industry that this claim were untrue, what critical questions could you ask about the HHI used for the study
Illustrate a firm in monopolistic competition that does not make a profit but rather a loss. Now illustrate how firm exit will change demand in the long run, allowing at least some firms to break even.
The government of Mass. decides to impose a tax of $0.75 per gallon on gasoline suppliers in order to fund highway maintenance. Calculate how much revenue is collected by Mass. government? Who bears the greater burden of this tax, consumers or produc..
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The environmental protection agency of a county would like to preserve a piece of land as a wilderness area. The current owner has offered to lease the land to the county for 20 years in return for a lump-sum payment of $1.1 million, which would be p..
Elucidate how which any two pure strategy equilibria of a zero-sum game are interchangeable also equivalent.
Suppose that a profit maximizing monopolist's marginal costs increase at all output levels. What is likely to happen to the quantity the monopolist produces, AND the price it charges?
Consider Figure 9.3. In which periods of U.S. history was output growth in agriculture the highest? In which periods of U.S. history was labor productivity growth in agriculture the highest? If the price is currently $15, then what is the price elast..
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