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Q1. What are the overall keys to answer questions about how attaching more regulation would influence economic efficiency ?And also the model to answer questions about game theory like how firms change their behaviors, with reference to game theory ?
Q2. "Consider an economy in which there is 10 households with income tabulated as follows H1. $10,000 H2. $20,000 H3. $25,000 H4. $30,000 H5. $50,000 H6. $50,000 H7. $60,000 H8. $75,000 H9. $90,000 H10. $100,000
a. What is the mean income? Explain Median? Explain Top deciles? Explain Bottom deciles?
b. What s the general pattern of the US income distribution over the last century? Explain about the timing of the changes?"
discuss the best fit of the multinational firm to its worldwide industry environment and the changing role of central headquarters as an organization expands into other countries.
Illustrate what is the demand schedule for Belgium cocoa beans now which U.S. consumers can also buy them.
If the average level of consumer surplus for each hotel guest equals $24, illustrate what is the total consumer surplus per night.
Why do Keynesian economists believe market forces do not automatically adjust for unemployment and inflation? What is their solution for stabilizing economic fluctuations?
You have been contracted by an economic consulting firm to determine the economic structure and possible future actions of OPEC, the Organization of Petroleum Exporting Countries.
Michael spends $10 a month on both Pez dispensers and Superman action. His marginal-utility-to-price ratio for the Pez dispensers is 40.
question the table sets out the demand and supply schedules for chewing gum. a draw a graph of the market for chewing
How would your conclusion change if Mathew purchased a new smart-phone app that could show the status of the highway traffic prior to their drive each morning, thus reducing the probability of them getting into a jam down to only 1day per month.
Do you find that in recent years that housing has became more difficult for consumers to achieve?
(a) What is market concentration and how can you know whether a market is concentrated or not (b) What are the causes of market concentration (c) Are business mergers good or bad for the economy Explain why
Illustrate what are the different types of inflation. Elucidate why is it important to know which type of inflation we may be experiencing.
If Brad works in the labor market, he can earn a wage of $500 per hour, while Angelina can earn $600 per hour. Considering comparative advantage, which of the two should specialize in the labor market? Explain.
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