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For this week's discussion, find and describe an example of a real-world auction. Briefly identify the participants and the rules of the auction along with the object(s) being auctioned. Then address the following questions:
Does one of the auction types that we have discussed fit your example well?
What are the differences between your real-world example and the textbook models, and what factors would the bidders need to consider when modifying their bidding strategy to account for the differences?
How do you think the strategies would change?
Presume that the Japanese economy is in equilibrium according to the Keynesian expenditure model. Now presume that the Tokyo Stock Exchange (as gauged by the Nikkei 225 index) experiences a 22 percent increase in value in the next three months.
Find and interpret income elasticity of demand for P1 - Find and interpret the cross price elasticity of demand for p1 and p2 indicating the relationship between the two product
compose an argument for or against the idea that the peasantry constitutes a uniform social category. How would a homogenous approach, a heterogeneous approach, or a differentiation approach that considers political economy support your argument
Describe how natural monopolies cause market failure? How is the deadweight loss associated with this form of market failure gauged? What is a typical form of government intervention to correct it? How effective is this kind of intervention? Use the ..
What factors shift AS and AD curves?
why do big companies still fail in their use of information technology? what should they be doing differently? discuss
As an aid to the establishment of personnel requirements, the director of a hospital wishes to estimate the mean number of people who are admitted to the emergency room during a 24-hour period.
Produce a graph showing the spread of interest rates on corporate bonds relative to interest rates on government bonds in the United States. Describe the cyclicalproperties of the series. Carefully document the data sources you use.
Why is the U.S. GDP so much higher than that of Mexico? Would the same reasons apply when we compare the U.S. GDP to Canada's GDP?
Two firms dominate the market for surgical sutures and compete aggressively with respect to research and development. The following payoff table depicts the profit implications of their different R&D Strategies.
What is the new equilibrium number of firms?
What is the South African government providing?
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