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How would you go about estimating the different probabilities of three alternatives occuring if you have little empirical data on which to base your estimates?
q1. suppose as in the federal income tax code for the united states that the representative consumer faces a wage
Suppose that the current exchange rate is 200 yen per dollar, the U.S. interest rate is 6%, the Japanese interest rate is 4%, and there is no risk premium. What do you expect the exchange rate to be a year from now?
As a judge, Nina decides cases that involve principles of various sources of law. Common law is
After a pair of wars in the late seventeenth and early eighteenth centuries, French-British relations decayed to the point that England began putting high tariffs on French wines. A large part of the support for this law came from British brewers and..
Consider again the case of a country that suffers an Ebola epidemic that reduces the population by 20%. (a) Given your answer for problem 8 in problem set 1, draw the Aggregate Demand and Aggregate Supply analysis (in the usual output-inflation graph..
Suppose two firms supply the market for computer chips and their products are perfect substitutes. The firms choose what quantity to produce independently, i.e. compete as Cournot. What is the one-period Cournot-Nash equilibrium output and price? Wha..
Briefly define the following terms. Tariff escalation, Optimal tariff rate, Ad valorem tariff equivalent, Voluntary export restraint (VER), Terms of trade effect (of subsidy), Harmonized System (HS) of commodity Classification, Common external tariff..
Employment data at a large company revel that 72% of the workers are married, that 44% are college grads,and half of the college grads are married. Elucidate what is the probability that a randomly chosen worker;
Illustrate what would the new price also output in the market be. Illustrate what would the new level of output for the typical firm be.
Why is it that a profit-maximizing businessman would always raise prices when facing an inelastic demand curve, but might or might not raise prices when facing an elastic demand curve? Explain and justify your answers in detail
q1. connie and stephen must decide how to split a pie. suppose both of them simultaneously formulate demands x and y.
explain increase in quantity of defense goods when there is an increase in marginal benefit.
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