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Question:
Society and economy have undoubted changed in many ways over the past 100 years. But do these changes add up to a fundamental change from the capitalist system of the 19th century? Discuss with reference to
a.the treatment of labour
b.the generation of economic growth. (Smith, Ricardo, Malthus, Marx)
1.Consider two metropolitan areas, one that has many small school districts and one that has only a few large school districts. In a paragraph, what are the efficiency and equity effects of introducing a voucher system likely to differ across these t..
Considering a two-player, one-shot simultaneous-move game, and each player can choose strategy A or B. If both players choose A, they both get $400; and if both players choose B, each of them gets a payoff of $200. If one chooses strategy A and the o..
why is monopolistic competition inefficient suppose that you counted the higher price the consumer pays for the monoplistically comptetive firm's product surplus, would that change the conclusion regarding the efficiency of monopolistic competitio..
1. explain the concept of returns to scale as it applies to electronic commerce and physical businesses.2. what is a
If they both televise many games, they split and perhaps over saturate the market and both receive $5M from television revenue. If they both limit appearances on television, they take advantage of the high demand for their limited product
One can derive a demand function for health and for medical services from the Grossman model. Explain the differences between the two demand functions. Why does demand for health and for medical services depend on age?
If the optimal number of facilities that minimizes the total logistical cost for a certain supply chain is five, what would be a logical justification for decision makers of this supply chain to build more than five facilities?
1. consider the following information about a business diane opened last year price5 quantity sold 12000 implicit
q. consider a production possibilities curve for the u.s. that puts capital goods on the vertical axis and consumer
Electricity is often generated using coal fired plants. Unfortunately, coal burning produces SO2, which causes acid rain. Consider two countries that border each other to answer the following question. Country A's SO2 emissions are known to negativel..
Calculate the correlations between life expectancy and the two measures of GDP per person
If technology advances so that computers become more useful to the firm.what happens to the marginal product of the two types of workers.
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