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A parent has a pile of toys to divide between two children. Assume that there is an even number of each toy. What method of dividing the toys ensures that the final division is efficient?
A) Divide the pile equally
B) Give each toy to the child who cries the loudest
C) Divide the pile so that each child is equally happy
D) Let one child divided the pile into two parts, and the other child decide who gets which part
E) Divide the pile arbitrarily, and then let the children trade toys until there are no more mutually beneficial trades
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If nominal output rises from $13.5 billion to $14 billion and the GDP deflator rises from 100 to 105, What is the percentage increase in nominal output? What is the percentage increase in the price index?
A monopolist produces at constant marginal cost c = 1 It sells the product in the domestic market, where demand is Qd = 5 ? Pd, and some foreign markets with total demand Qf = 2 ? Pf Find the prices that will set in each market and the proportion of ..
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the hhi for automobiles is 2350 for sporting goods is 161 for batteries is 2883 and for jewelry is 81. which of these
All of the following are instruments of fiscal policy except
Why is it important to know Elucidate how much output is being produced
The average cost of tuition plus room and board at a small private liberal arts college is reported to be $8,500 per term, but a financial administrator believes that the average cost is higher. A study conducted using 350 small liberal arts colleges..
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