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Two people from the military, General Equilibrium (player 1) and Major Inefficiency (player 2), have been stranded on an island after a shipwreck. General Equilibrium was able to salvage 50 bags of Spinach (X_1) and 50 pounds of rice (Y_1) from the ship. Major Inefficiency also was able to save 50 bags of Spinach (X_2) and 50 pounds of rice (Y_2). There are no other goods on the island, and no other people. (a). Use an Edgeworth Box diagram to represent the initial endowments of the two people in this two-person, two-good economy.
q1. the australian medical association ama once called for an immediate 20 cut in medical student intakes to halt what
Charitable Contribution Carryovers. Bonnie's charitable contributions and AGI for the past 4 years were as follows: AGI: $50,000 (2012); $55,000 (2013); $58,000 (2014); $60,000 (2015); and Contributions subject to the 50% limitation: $40,000 (2012); ..
Please identify and provide an explanation as to whether they are efforts to correct market failure, to promote or discourage the consumption of merit or demerit goods, or to transfer income. a. Head Start, a preschool program for low-income children..
What effects would each of the following have on aggregate demand or aggregate supply? In each case use a diagram in your notes to determine the expected effects on the equilibrium price level (P) and level of real output (Q). For each of the economi..
Explain how much profit will the perfectly competitive firms earn. Explain how much profit will the monopoly firm earn.
What was Philips trying to achieve by tilting the balance of power in its structure away from national organizations and toward the product divisions? Why was this hard to achieve? What were the points of the organizational changes made by Cor Boonst..
1. What category of budgets are the governance board more likely to be interested in? 2. With a long-term view, which specific two budgets are the most relevant to the governing board and for what reason?
Despite having wide success in convincing mainstream economists of many tenants of Austrian economics, why have Austrian economists failed to convince mainstream economists of these neglected tenants of Austrian economics?
Suppose you are trying to choose between 2 plans for your long distance telephone service. If you choose plan 1, your monthly bill will be computed according the equation: B is your monthly billing fee in dollars and Tis your monthly volume of long d..
Write main() functions to test and debug each function, using gets() and puts() for string input and output as follows: To demonstrate strlen(), input your first name using gets() and use printf to print the string followed by the number of character..
Suppose several additional junior staff are employed in subsequent years after a new business is established. The owner notices a large increase in the motor vehicle expense account.
Income from a certain operation is expected to be zero in years, one through three, after which and beginning at end of year 4, it will be $60000 per year forever. The capitalized cost, now of the income stream above at 10% per year is :
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