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Consider four students deciding to jointly share a textbook. Describe a practical method for using the Lindahl equilibrium to determine how much each should pay.
What are M1 and M2? What impact would this action (pulling money from checking accounts) have on the size of the M1 and M2 components of the money supply?
The town of Dry Gulch needs more water from Pine Creek. The town engineer has selected two plans for comparison: a gravity plan (divert water at a point 10 miles up Pine Creek and pipe it by gravity to the town) and a pumping plan (divert water at..
NA Forest Resources purchased forest acreage for $500,000 from which an estimated 200 million board feet is recoverable. In its first year of operation, the company recovered 24 million board feet. Find the cost depletion allowance the company c..
ADVANCED ANALYSIS Assume that the consumption schedule for a private open economy is such that consumption C = 50 + 0.8Y. Assume further that planned investment Ig and net exports Xn are independent of the level of real GDP
he factory owner can choose between two technologies A and B: One uses capital and labor as complements yA = min [3k; 2l] and the other one as substitutes yB = k + 2l: a. Draw the isocost lines of both technologies on the same diagram.
A producer produces good y using a single input x according to the production function y=x^a where 0
suppose the airline is offered $4,000.00 per week to haul freight along the route for a local firm. This will mean replacing one of the weekly passenger flights with a freight flight (at the same operating cost). Should the airline carry freight f..
When maximizing profit, how much profit will she make?
A consumer's budget set for two goods ( X and Y ) is 500 >2X +4Y a.Illustrate the budget set in a diagram.b.Does the budget set change if the prices of both goods double and theconsumer's income also doubles Explain.
Vincent van Gogh can produce paintings at constant marginal cost cV V G = 1. The population of buyers of VVG paintings is grouped into two categories: Serious Art Collectors (SAC) and Casual Art Collectors (CAC). The SAC to CAC population ratio is..
how much does the economy have to grow potential output is 3.5 and the unemployment rate is 7.3 in 2014 to bring the
Discuss the sharing economy from a supply and demand standpoint.
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