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Suppose that in the Akerlof example, there are only eight cars ranging in quality from 1/4 to 2 (there is no complete lemon). Hence, the mean quality level is 1.125. Determine whether the market disappears completely, and if not, how many cars will be sold.
discuss the implications of varying price and income elasticities for the bundling or unbundling of consumer services
1. suppose the economy is described by the following behavioural equationsconsumption c 1500.8yd where yd disposable
scans of internal organs using magnetic resonance imaging mri. these devices are often covered by subsidized health
a purely competitive firm finds that the market price for its product is 20. it has a fixed cost of 100 and a variable
1. consider the model of corruption explored by shleifer and vishnirsquos where there is one government-produced good
the study of government regulation and the competitive environment for business is relevant to all those who study
what criteria do you recommended to determine the credibility of a source of information?develop a list of no less than
explain market equilibrium under monopolistic competition. why does price charged by typical firm exceed minimum
S hould the Australian Commonwealth government and the various Australian state and territory local government grants commissions use matching grants or non-matching grants or both grant mechanisms to fund local government programs?
Are you in favor of either deficit spending on the part of government or one of a balanced federal budget and budget surpluses?
Discuss differing views of the same landscape in the context of globalization of culture and Internet accessibility. 200 words or more
The graph below shows the aggregate production function of two nations, A and B. Suppose that in 1958 each nation had $100 of physical capital for each worker and in 2008 each nation had $400 of physical capital per worker. Figure: Nations A and B..
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