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Explain how to find pareto efficiency? give an example of a problem with multiple utility functions.
suppose a single parent can work up to 16 hours per day at a wage rate of 10.00 per hour. various income maintenance
After a two-year testing period, Pat prepared the patent application to patent the device, and then found that just a month earlier one of Pat's testing customers had patented the device. Pat demanded that the customer give up the patent to Pat, ..
Assume that businesses purchase a total of $100 billion of the 4-resources from households. If households receive $60 billion in wages, $10 billion in rent, and $20 billion in interest,
Discuss the parameters bK and bH. Which one would likely be larger - Suppose that bK = bH. Discuss the short-run dynamics if the economy begins with K(0)/H(0)(K/H)∗?
A monopolist with two plants operates with a marginal revenue of 500-4Q and marginal costs of 4Q for plant 1 and 2Q for plant 2. Elucidate what are outputs at each plant to maximize profits.
Helen is buying a 12,375 car with a 3000 down payment, followed by 36 monthly payments of 325 each. The down payment is paid immediately, and the monthly payments are due at the end of each month.
Your firm, a monopolist has been given the following demand and cost functions: P = 100 - 2Q and C(Q) = 50 + Q2. a. What is the profit maximizing price and output for this monopolist?
Illustrate what should the government's role be with respect to regulating accounting firms in the wake of mismanagement and accounting irregularities.
Imagine you are in charge of development for a developing country and were approached by a multinational corporation interested in locating in your country
List the various causes of inflation and determine if they are an injection or a leakage. Justify why you selected injection or leakage.
a. Write an expresion for the budget (consumer surplus) as a function of Q. b. In a plot of Q versus P, plot the budget constraint and sketch indifference curves for the agency head. c. On the same figure, sketch the objective function for profit max..
Determine what effect on a country's current account balance is an increase in use of quotas expected to have? Would your answer change if other governments retaliate? If so, how?
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