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Many people think that liability for accidents should be based in part on negligence. For example, a negligence rule might state that if two cars collide while one driver is following traffic laws while the other is not, the second driver should bear full responsibility, while the first should bear none. Does that rule make sense from the perspective of economic efficiency? Why or why not?
price:1.75, 2.00, 3.00, 4.50, 5.00, 5.50. quantity: 55, 110, 165. mc=5.00/165, 3.00/110, 1.75/55. atc=5.00/165, 5.50/55. avc=2.00/55. demand=1.75/55. mr=2.00/55. How many DVDs should be sold to rent per day to maximize profit
The price elasticity of demand for fresh tomatoes has been estimated to be 2.22. If a new insecticide and fertilizer treatment yields a 20% increase in the nation's fresh tomato crop, how will that affect total revenue from fresh tomatoes, all oth..
Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:
Build a time series model for the log earnings series. Perform model checking and write down the fitted model - Compare the two time series models. Which model is preferred in terms of fitting
aggregate labor market for bampb professionalsyafklfor 1 amp 2 find equilibrium wage equilibrium nd equilibrium ns1.
Provide three examples of organizations that show how Friedman's admonition, above, if taken literally, could be used to legitimate otherwise unethical behavior.
A consumer must divide $250 between the consumption of product X and product Y. The relevant market prices are Px $5 and Py $10. Show how the consumer's opportunity set changes when the price of good X increases to $10.
A project has a life of 10 years, and no salvage value. The firm uses an interst rate of 12% to evaluate engineering projects. The project has an uncertain first cost and net revenue. First Cost P Net Revenue P -- $300,000 0.2 $70,000 0.3 400,000 ..
Henry needs a car for going to law school. He needs the car for three years. He can buy or lease a new Honda Civic.A lease requires $3,000 at the signing and $160 per month each of the following 36 months.
A firm wants to lease some land from you for 20 years and build a warehouse on it. As your payment for the lease, you will own the warehouse at the end of the 20 years. If the salvage value is estimated to be worth $20,000
suppose that the professor imposes a price floor of $15 per book. Sellers are pleased because they think that they will be able to get more money this way. How to calculate how much cash would the sellers receive from selling their books now
If the price of shoes is set at $75 for both July and August and demand will be D2 in July and D1 in August, how many pairs of shoes should Stromnord order if it wants to end the month of August with exactly zero pairs of shoes in its inventory.
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