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About what percent of the worlds population earn about $2 USdollar (equivalent) or less per day?
Assume that all firms want to maximize profits, and that the price mechanism is allowed to freely fluctuate based upon market supply and demand. Appraise this statement: A monopolist will charge a lower price and produce a higher quantity of a good t..
Smoke detectors have been shown to effectively reduce the death rate due to fires. In order to ensure that as many individuals as possible install a smoke detector, the government recently decided to subsidize the production of smoke detectors. Which..
In the 2010 article Giving Credit Where It Is Due by A. Banerjee and E. Duflo, the authors present a number of facts and interpretations on the workings of informal credit markets in less developed countries. What are the sources of inefficiency in c..
Suppose there is a policy debate regarding the United States’ imposing trade restrictions on imported tires: A political pundit explains that it is necessary to impose trade restrictions, such as a tariff, on the tire industry to protect workers in t..
Suppose Jeffrey’s utility depends on the amount of time spent watching You Tube videos (Y) and the amount of time playing video games (V), and his utility function is equal to. Set up the Lagrangian equation for this constrained maximization problem...
The firm's average variable costs and average fixed costs per month are R200-00 and R500-00, respectively.
The questions below are about working with the Cobb Douglas model α= 0.3 and A= 3. write the equation for output. find the MPK and MPL in terms of K and L.
Discuss why workers join unions? What implications would this have for the organization that wishes to remain non-union? Would you join a union? Why or why not?
Using a figure describing both the U.S. money market and the foreign exchange market, analyze the effects of a permanent decrease in the U.S. money supply on the dollar/euro exchange rate in the long-run.
Estimate each of these alternatives from the perspective of economic efficiency, equity, and the likely long-term impact on the firm.
What is a subgame-perfect Nash equilibrium proposal of player 1, and what is the resulting outcome of the game?
What are possibilities for films with a focus on pregnancy to succeed economically?
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