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In assigning distributional weights to different social groups, we a. may accept a project that is results in some level of inefficiency. b. weight benefits according to who gets them but measure costs in an unweighted fashion in order to assure efficiency. c. assign equal weights to net benefits for the different groups. d. disregard benefits going to the rich and only care about benefits reaching the poor.
Explain clearly and with a graph the basic model of a customs union between the US and Mexico. Is such an arrangement always beneficial or are there conditions under which it is not. Explain
In February of 1999, James Surowiecki, who wrote the “Moneybox” column for Slate magazine, said: Briefly explain why this conclusion is not surprising.
Opening Vignette Exercise: In this chapters opening vignette, you learned how Fluor combines succession management and career development to ensure a sold talent pipeline of project managers and senior executives. Working in a group of three to five ..
Apple feels it is a price leader in the mobile phone market with all the other producers acting as followers. The total demand for mobile phones is given. If Apple wants to maximize profits, how many mobile phone units should they produce? How much s..
One of the current trends in the business environment is the shift in many organizations to a group based or team based organizational structure. Why is this happening? What do you think are some potential pros/cons of implementing this type of chang..
Al has found $1,000 and has decided to divide it between his children, Bud and Kelly. Suppose that Bud is rich and Kelly is poor. Assume that the marginal utility provided by a dollar declines the richer you are. If Al is concerned with increasing bo..
The production function is given as f(L, K) = L2 K . In the short run, K is fixed at 1. The price of L is $3 per unit and price of K is $5. In order to produce 100 units as a desired output, how much is the total cost? What is the price elasticity of..
Suppose that you were an industry analyst trying to determine if the leading firms in the automobile manufacturing industry are playing a tit-for-tat pricing game. What real world data would you want to examine? What would you consider to be evidence..
Stan Money maker needs 16 gallons of gas to top off his tank. I he drives an extra 8 mile round trip Stan can save an extra $0.05 a gallon. Suppose gas costs $3.10 per gallon and Stan gets 24mpg. Each mile driven gives off CO2 that has an environment..
Suppose an olligopoly consists of two firms Firm A lowers price and Firm B responds by lowering its price by the same amount. If averages costs and industry output remain the same, which of the following what will occur
Give an example of how the Principle of Opportunity Cost applies to your life. Think of a recent decision you made. It could be a decision as simple as whether to eat out or cook your own dinner, or it could be a decision to quit your job and go back..
q.the small city of le locle has been served by the same local newspaper for the last 30 years called the le locle
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