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What is meant by the 'Globalization of Markets, provide example derives from telecommunication industry?
Illustrate what guesses survive iterated elimination of dominated strategies
Advocates of small government complain that two proposed government programs will steal the market from small businesses: One program will foster a major increase in the government production of bread; the second will increase the government producti..
One aspect we have not covered is how the real wage depends on capital per worker. It is easy to show that the real wage increases with capital per worker (because the marginal product of labor is higher when each worker operates with more capital). ..
In the production function Q = 10L1/2K1/2 calculate the slope of the isoquant when the entrepreneur is producing efficiently with 9 laborers and 16 units of capital. (Hint: The slope of the isoquant = the ratio of the marginal product of labor to the..
Set up a random experiment to test the difference between a sequential search and a binary search on a list of integers.
(Arbitrage) A supplier is selling hammers in two cities, Pleasantville and Happy Valley. It costs him $5.00 per hammer delivered in each city. Let p1 be the price of hammers in Pleasantville and p2 be the price of hammers in Happy Valley. Assuming th..
Explain, using appropriate diagrams, the short-run effects of cyclone Yasi on the profitability of banana growing firm and the industry (impact of any cost/price changes should be clearly illustrated and explained along with the assumption(s) you mak..
Upon graduation, you realize you have three options: you can take a job as a computer programmer, take a job as a coal miner, or remain unemployed and play video games all day. As a coal miner, you would create value of $3,000 per week, and receive d..
Christine’s utility is determined by her wealth such that U=logW, where W is her wealth in dollars. If she has a current wealth of $1,000,000, what is the most she would willingly pay to insure against a 10% chance of losing half of her wealth?
Did the economic recession we've experienced recently affect your organization
Let's say that the government imposes a price ceiling on gasoline, what would be the positive effects of the price ceiling?
Does this elasticity indicate that the demand for Toyotas is relatively responsive to changes in advertising expenditures? Explain why or why not.
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