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1. In China, rural property is owned collectively by the village while being managed under long-term contracts by individual farmers. Why might this be a problem in terms of optimal land managment, use, and allocation?
2. How does peer lending used in microfinance help to solve the problem of adverse selection?
3. [Related to the Economics in Practice on p. 410] Find another example of the use of cell phones as a way to improve market functioning in a developing economy.
Estimate the three multiple regression coefficients. Estimate their standard errors. Obtain R2 and R2-. Estimate 95% confidence intervals for B2 and B3
How can the existence of fixed costs be incorporated into the production set diagram? After paying its fixed costs a firm has constant returns to scale. Can it earn zero profits in a competitive economy?
Assume that the world price of Good A is $8 per unit while its domestic price is $6, and the marginal cost incurred by domestic producers for producing one unit of Good A is $5. If the government imposes a tax of $3 per unit on domestic producers.
Compute the average number of nodes E[N ] as a function of radius R, 1 ≤ R ≤ 20, required for the network to be fully connected. The average E[N ] should be computed based on 100 samples of the random node placement within the region.
What was nominal GDP in 2002 for this economy? What was it in 2003? What was the percentage rate of change in nominal GDP between 2002 and 2003?
Demonstrate in BOTH diagrams (graphically and/or geometrically) the Total Coast, Total Variable Cost, Total Revenue , Total Fixed Cost and Total Profit, at the point where quantity produced is at the optima level (Profit-maximizing level).
Prepare a graph of sales and net income for the years 2013 - 2016. For the purposes of this exercise, assume the following historical sales and net income figures for Joe's Fly-By-Night Oil.
A company is considering building a bridge across a river. The bridge would cost $2 million to build and nothing to maintain.
assume that intermediaries come from a competitive market with and equilibrium price of $8 per unit for their services, that is, any buyer or seller who wants an intermediary's services must pay $8 for them. What is the maximum per unit that selle..
The following data represent the daily demand (y in thousands of units) and the unit price (x in dollars) for a product. a. Compute and interpret the sample covariance for the above data. b. Compute and interpret the sample correlation coefficient.
assume the demand function and the supply functions for 24-can beer case in houston are demand qd 1000 ? 50p demand qs
Has your company moved to this training strategy? And if so, what are your thoughts on its success? If not, what are your thoughts on its advantages and disadvantages?
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