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When transaction costs are low enough, efficient resource allocation will follow regardless of the particular assignment of property rights. When transaction costs are high enough, efficient resource allocation requires assigning property rights to the party who values them the most. Give an example of each case
in class we covered the concepts of producers and consumers surplus.a. with respect to different government policies
a profit maximizing monopolist is earning a postive economic profit. if workers wages rise what happens to price and
In an effort to stop the migration of many of the automobile manufacturing facilities from Detroit area, Detroit's city council is considering passing a statute that would give investment tax credits to auto manufacturers.
Discuss differing views of the same landscape in the context of globalization of culture and Internet accessibility. 200 words or more
For the demand function and total cost function compute the output choices for a profit-maximizing monopolist, an output-maximizing monopolist, and a revenue-maximizing monopolist.
fiscal policy refers to the changes in governments choices regarding the overall level of government spending and
Why do shifts in production function takes place & how does it affect operational efficiency?
1. Bill Gates argue that world poverty as we know it can be ended by 2020. What myths has the work of his foundation debunked and can what he has learned work here at home?
To intermediate the mortgage market, Fannie Mae would obtain funds through issuing short-term commercial paper, and then use these funds invest in long term debt securities, creating interest rate risk.
Economists have observed that spending on restaurant meals declines more during economic downturns than does spending on food to be eaten at home. How might the concept of elasticity help to explain this phenomenon?
For example the Mexico's oportunidades program where large cash transfers were given to poor mothers conditional on preventive health care and child school enrollment. What is it at play here - behavioural economics or neoclassical
which of the following products and services are likely to encounter adverse selection problems golf shirts at
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