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Consider a class of 25 Microeconomics students, some of whom are confused about a concept after a professor explains it. A student who reveals his confusion by asking a question loses 10 utils. However, when the professor clarifies the concept, each confused student benefits 2 utils.
At what level of confusion (number of confused students) is a question from a confused student socially efficient?
Without participation incentives, will a confused student ask a question when it would be socially efficient? How will they know it is socially efficient?
How would you design an incentive system to generate questions from confused students?
What are the other determinants of demand? What is an equilibrium? What are the effects of increased demand on equilibrium quantity and equilibrium price?
Answer all questions posted in the instructions. Use information from the modular background readings and videos as well as any good-quality resource you can find. Cite all sources in APA style and include a reference list at the end of your paper..
When the money supply increases, it could lead to various effects upon the demand for and supply of loanable funds, and thus the market interest rate. Which effect is consistent with an increase in demand for loanable funds and a decrease in the su..
Shall Hong Kong introduce sales Tax - What will be the effect of general sales tax on Hong Kong financial market and economy
Examine the fiscal policies in place at the start of your specific time period in relation to their effects on macroeconomic issues.
It offers all the amenities and benefits of a tight-knit small community, with the benefits of living close to the big city. Some years pass, and several children and adults in the community start developing extensive and similar illnesses.
The essay will be based on atopic related to analyzing the Chinese macroeconomic conditions at the present stage. The goal is to gain knowledge about the macroeconomic performance of the Chinese economy
The question is "The Federal Reserve's strategy will require changing the money supply. How does the Federal Reserve do this? Explain how and why does this affect interest rates?", and required university writing level.
Last month, Rick's Bike Shop, Inc. increased the price on the 22-ounce can of Camp A bearing grease by 4.5 percent. In response, sales dropped by 9 percent. A) Calculate the point price elasticity of demand for Camp A bearing grease. B) Calculate t..
Explain how can this concept be applied to the activities of profit making companies and profit loosing companies or to the revenue and costs components of a firm's net profit.
Explain the relationship between the price elasticity of demand and total revenue. 2. Is the price elasticity of gasoline more elastic over a shorter or a longer period of time? Explain. 3. Determine whether each of the following is an explicit c..
1. What is opportunity cost and what does it mean? 2. What are the eight guideposts to economic thinking and how to incentives fit into thinking like an economist? 3. What role does scarcity play in economic thought? Does Bill Gates face the problem ..
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