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Q. In 1976, the parents of a seven year old boy sued a New York hospital for $3.5 million. The boy was blinded shortly after he was born two weeks premature. His parents claimed that hospital doctors administered excessive oxygen to the baby and that this caused the blindness. the case went to trialand just as the jury announced it had reached a verdict, the lawyers for the two sides arrived at an out of court settlement of $500,000.
If you were the parents, how would you decide whether to accept the settlement or wait for the jury's decision?? What probability assessments would you need to make? Would you have accepted the settlement?
Sketch the extensive form of the game, carefully labelling the players that move and the actions they have available
Find the equilibrium price and quantity after the shift of the demand curve.
In 2003, when music downloading first took off, Universal Music slashed the prices of CDs from an average of $21 to an average of $15.
Suppose now the price of a cell phone minute falls to $.50 per minute. Show how this will change the budget line.
What is a budget deficit. Explain how are budget deficits financed? Why do Keynesians believe that budget deficits will increase aggregate demand.
Write down the budget constraint of the representative consumer and Write down the maximization problem of the representative consumer and find labor supply
The law in Ruba says no worker shall be paid less than nine slugs per hour.
A study noted that they charged a price for local telephone services that was roughly one-half of its cost of providing the services.
What would the' peso- dollar exchange rate be if purchasing-power parity holds? If a monetary expansion caused all prices in Mexico to double, so that soda rose.
Explain how each change mentioned in the article impacts upon the aggregate expenditure model.
Specialty Steel has carefully measured production in its new plant to determine whether it is technically efficient in production.
Think of any financial innovation in the past ten years
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