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Peacocks, with their fabulous tails, live wild in the jungle. There, a tail is a detriment?-?it slows the birds in flight, and presents an excellent handle for a predator to grab hold of. Nevertheless, males continue to grow them because peahens love bling, and the more, the better.
a. Explain the value of a long tail as a signal, focusing on the general principle that signals must be costly to a strong bird, but even more costly to a weak bird.
b. Peahens would receive the same information if all peacocks cut their tails in half. In light of this truth, explain why the signal is socially costly.
c. Suppose all male peacocks agreed to cut their tails in half. Explain why such an agreement is unlikely to last, and why the disintegration of the agreement makes all peacocks worse off.
How is the marginal propensity to consume affected? How is the multiplier affected?
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compute the opportunity cost in forgone tanks for each additional truck producedtruck output 0 1
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Determine the expected signs of the various coefficients and explain your reasoning.
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Don Ball is a 55-year-old engineer. According to mortality tables, a male at age 55 has an average life expectancy of 21 more years. Don has accumulated $48,500 toward his retirement. He is now adding $5000 per year to his retirement fund. The fun..
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