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If you sell items on ebay.com, you can conduct a traditional auction that lasts a specified amount of time, and the highest bid at the closing time is the winner. Alternatively, you can post a set purchase price for the item, and any buyer who is willing to pay that price can avoid the auction and purchase the item immediately. In order to attain the highest price from an auctioned item, what should we do? In particular, what are the trade-offs associated with including the immediate purchase option? How should you decide what the immediate purchase price should be for this auction?
If the ratio between the price of labor and the price of capital (w/r) is smaller than the ration between the marginal product of labor and the marginal product of capital, the firm should hire more capital. Normally the ratio between the price of a ..
Because health insurance tends inevitably to cause moral hazard, will the population necessarily be over insured (in the sense that a reduction in insurance would improve welfare)? Are there beneficial factors that balance against the costs of welfar..
Elucidate the dynamics through which an increase in the stock of money affects real output and the price level in the short run.
What is the different about the pathos and purpose of the Thoreau and King readings from the pathos and purpose of the Kennedy, Jefferson, and Lincoln readings?
Examine pure competition, oligopolies, and monopolies from both the perspective of an entrepreneur as well as a consumer
Name three items you have purchased during the past year that have increased in quality during the year. What kind of adjustment would you make in assessing their prices for the CPI?
If hospitals begin to affiliate within regions, would you expect that “unnecessary duplication of facilities” would increase, decrease or stay the same? Why is that? As you think about your answer, consider why this duplication exists in the first pl..
A student deposits $50,000 cash for his school fee in a bank that pays 20% simple interest per annum. If the student goes to withdraw the money after four years
In your discussion post, compare policies designed to lower inflation to the policy you have selected for your final project policy. In your discussion, make sure to use the lens of one of the recommended models: new Keynesian; monetarist; or neo-cla..
The supply curve for portable charcoal grills shifts
Explain why "outsourcing of jobs" from the U.S. and other higher wage societies to China and other "lower wage societies" related to the factors of long-term growth discussed in the textbook.
How is the rejection region defined, and how is that related to the p value? When do you reject the null hypothesis?
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