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Alexander and Vanessa benefit from scientific research. Alexander's marginal private benefit from such research is given by the equationP= 200 -Q,whereQrefers to the amount of research undertaken andPis the price Alexander is willing to pay for such research. Vanessa's marginal private benefit from such research is given by the equation P= 100 -Q.The marginal social cost of engaging in such research is constant at $100. Reference: Ref 17-15
(Scenario: Alexander and Vanessa) Refer to the scenario Alexander and Vanessa. If the socially optimal level of scientific research is produced and if both Vanessa and Alexander are truthful in disclosing the marginal private benefits they expect to receive from this research, what is the price per unit of research that Vanessa is willing to pay?
Consider a small open economy that produces steel and cloth under Heckschel Ohlin condition, using 200 units of capital and 135 units of labor.
The injections-withdrawals approach, complete the table again and demonstrate that the point you chose in question 4 is the equilibrium now.
A woman managing a photocopying establishment for $25,000 each year make a decision to open her own duplicating place. Her revenue during the first year of operation is $120,000, and her expenses are as follows:
Discuss the Neoclassical and New Growth theories and then identify and discuss those characteristics features of the small developing island economies of South Pacific that pose obstacles to their economic growth.
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in calculating the gdp national income accountants atreat inventory changes as an adjustment to personal consumption
Suppose the function U(x)=ln(x) where x is consumption represents your preference over gambles using an expected utility function. You have a probability δ of getting consumption xB (bad state) and a probability 1-δ of getting xG (good state).
There are 168 hours in a week. Of these, about 60hours will go to sleeping (more or less). That leaves 108 hours forwhich we have a choice in terms of how we will spend that time.Let's assume that we will spend the 108 hours in either workor leisu..
The treasury secretary and the Fed. Occasionally someeconomics or politicians suggest that the Secretary of teh treasurybecome a member of the Federal open market committee. How do you think that this will affect the opperation of the FederalReserve
Recommend two to three best practices for leveraging information regarding exchange rates to maximize their profitability. Provide examples to support your response. Discuss how the current economic environment affects the exchange rate between the..
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