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Question: A Bend in the River, Nobel Prize winner V. S. Naipaul describes an underdeveloped country in which the government's constantly changing tax policies and vague laws regarding ownership of property cause entrepreneurs to become demoralized and unresponsive to economic opportunities. Could this be a case of idle or unemployed entrepreneurs? How can tax laws and rules governing property affect entrepreneurs' willingness to start new businesses or improve existing enterprises?
suppose you are a monopolist operating two plants at different locations. both plants produce the same product q1 is
Which of the following statements about unemployment and inflation is false? A. The short-run Phillips curve demonstrates a negative relationship between unemployment and inflation, whereas the long-run Phillips curve is horizontal because the nat..
Describe a model of economic growth with spillover effects
A risk-averse individual has to choose between $100 with certainty and a risky option with two equally likely outcomes, $100−x and $100+x. Use a graph(or math) to show that this 1 person’s risk premium is smaller, the smaller x is (the less variable ..
Under what conditions are cournot and bertrand equilibria the same? You may assume the market demand is p = a - bQ. Consider when firms are identical and different. If not, please explain why.
What should be the amount of her quarterly deposits in actual dollars? Support your answer with all necessary steps
Which of the following factors makes the official unemployment rate an overstatement of the actual level of unemployment in the economy?
An injection melding machine has a first cost of $1,050,000 and a salvage value of $225,000 whenever the machine is sold. The yearly maintenance and operating costs are $235,000 with a gradient of $75,000. The MARR is 10%. What is the economic life? ..
Now suppose current and future consumption are perfect complements you can only enjoy current consumption if you consume it with two units of future consumption (U = min{2C1, C2}). What is your optimal consumption bundle?
suppose that the reserve requirement is 10 percent and the balance sheet of the peoples national bank looks like the
A government researcher examines the factors that influence a city's crime rate. For 41 cities, she collects the crime rate (crimes per 100,000 residents), the poverty rate (in %), the median income (in $1,000s), the percent of residents younger than..
Your local farmer has many competitors, and he operates in a market structure known as perfect competition. This means that price is determined outside of the individual farmer's ability to determine his selling price - labor supply curve suggests th..
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