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Three residents in the community vote on the number of police of?cers to staff their local police station. Henry prefers 20 of?cers, Mike prefers 16 of?cers, and Leo perfers 12 of?cers. If the current vote is choosing between 17 and 18 of?cers, which of the following statement is correct?
(a) Mike is not the medium voter in this vote.
(b) Henry and Mike will vote for 18.
(c) Leo and Mike will vote for 18.
(d) Leo and Mike will vote for 17.
Which of the following is not an example of price discrimination?
Assume that a industry produces 200000 units a year and sells m all for $10 each. Furthermore, assume that marginal external damage of this product is $6 per unit. How many more units of this product will free market produce than is socially.
q.the muffler on your car suddenly needs repair also there are only two automobile repair shops in town. you drive to
If one defines incremental cost as the change in total cost resulting from a decision, and incremental revenue as the change in total revenue resulting from a decision, any business decision is profitable.
What “backs” the money supply in the United States? What determines the value (domestic purchasing power) of money? How does the purchasing power of money relate to the price level? Who in the United States is responsible for maintaining money’s purc..
q.there are two identical firms in an industry. each firm uses a cournot strategy to maximize profits. if the best
Why is technology such an important part of the labor market? Do you think technology makes workers more or less productive and how does it relate to their wages?
A competitive firm uses two variable factors to produce its output, with the production function y = min {x1/2, x2}. The price of factor 1 is $4 and the price of factor 2 is $5. Due to a lack of warehouse space, the company cannot use more than 20 un..
The demand for a product is Qd = 100 - 4P +3Px and supply is Qs = 10 +2P, where Q is the quantity of the product in thousands of units, P is the price of the product, and Px is the price of another good. When Px = 40, the equilibrium price of the pro..
In the run up to the 2008 US presidential election, both major contenders, John McCain and Barack Obama, promised that if they were elected they would push for significant new discretionary fiscal policy in 2009. In your initial discussion post, do y..
The FR Bank conducts monetary policy and then finds out that the monetary base MB increased by $500. Then the policy that led to this outcome must be
a. What is the expected interest rate for the junk bond investment? b. Which investment will you choose if your utility function is given by U = (M2) ? c. Which investment will you choose if your utility function is given by U = (√M) ?
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