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A recent paper by Summers and Fatas show that austerity policies pursued to improve the fiscal position (reduce deficits) of slow-growing economies actually worsened the fiscal position, increasing D/Y ratios. How is this possible?
Find the total revenue of the monopolist when it sells 6 units of the commodity without practicing any form of price discrimination. What is the value of the consumers' surplus?
Explain the concept of a reference price and how it relates to the psychology of the consumer. Further, explain and discuss how firms can more easily integrate efficient economic pricing practices without facing a backlash from consumers. use theory ..
Coal and nuclear power plants are generally used as base load units. Base load implies that:
What would be the equilibrium price? What is the equilibrium quantity? Calculate the deadweight loss created by the tax.
Compare and contrast China and U.S economic performance during the past five years. Please make use of time series data on employment, inflation, GDP, and trade balances. Tables and graphs are strongly encouraged.
Illustrate what price should the owners of blue skies set for engines in order to avoid this problem and maximize overall profits.
Distribution of costs and benefits of free trade. In other words, does everyone share in the gains and the costs equally? Competing with different labor restrictions (or lack of), such as slave or child labor. Differences in environmental standards.
Determine what are some of the philosophies that influenced Latin America? In what way did they impact the cultures of Latin America?
Suppose u(c, c') = ln c+β ln c' , there exists N consumers and each consumer lives for 2 periods. In each period they receive an endowment y, y' and are taxed t, t'. Derive the lifetime budget constraint for both the consumer and government. Define e..
When calculating a sample size, how can a researcher decide the level of accuracy to use? What about the level of confidence? What about variability with a percentage?
Illustrate what do the nominal interest rate also the real interest rate that Whitney can earn. Whitney puts money in a savings account at her bank earning.
A decrease in demand will cause a (n) With the total cost and total revenue curves, we measure economic profit by the ______ between the two curves. With the per-unir curves, we measure economic profit by a (n) ______.
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