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Contrast the economic rationale for patents and copyrights (time-limited property rights in ideas) with that for adverse possession (time-limited property rights in land).
Given MPC (marginal propensity to consume) = 0.80, if the government implements an expansionary fiscal policy as (a) cutting taxes by $1 trillion, then by how much would total spending increase over an infinite period.
which way do we shift the demand curve? Why?
If the government proposes the use of cap and tax programs to deal with deadweight losses, how would they work? Explain using examples to illustrate your point.
specify the following using the information quantities are given in millions of dollars gross private domestice investment 586.1 inventory investment =30.9 compensation of employees 5,178.6 corporate taxes 215.9 macrovian exports of good a..
The price that consumers are willing and able to pay for this outputis $40 per unit. If it priduces this output, the firms average total cost is $43 per unit, and its average fixed cost is $8 per unit.
The consumer's utility function is U(x, y) = 3x + 2y. Let Px = 2, I = 12. (a) If price Py is too high, the consumer will not want to purchase any y. Find the lowest price Py at which the consumer ceases to purchase y.
Winston Clinic is evaluating a project that costs $52,125 and has expected net cash inflows of $12,000 per year for eight years. The first inflow occurs one year after the cost outflow, and the project has a cost of capital of 12 percent.
Show that licensing can be beneficial for firm 1 in this case and therefore increase innovation incentives. Explain why the results differ between the two cases.
A recent newspaper circular advertised the following special on tires: "Buy three, get the forth tire for free-limit one free tire per customer." If a consumer has $500 to spend on tires and other goods and each tire usually sells for $50.
Two banks have lent $20million each to a country in an Emerging Market. Bank A has total assets of $220 million and a capital to total assets ratio of 7 percent. Bank B has total assets of $350 million and a capital to total assets ratio of 6 per..
Determine the current amount of money that must be invested at 12% nominal interest, compounded monthly, to provide an annuity $10,000 (per year) for 6 years, starting 12 years from now. The interest rate remains constant over the entire period of..
Suppose that two people, Michelle and James each live alone in an isolated region. They each have the same resources available, and they grow potatoes and raise chickens. If Michelle devotes all her resources to growing potatoes
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