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Q. An economist claims, depends on an econometric study, that high profits in a certain industry are explained by that industry's high Herfindahl- Hirschman Index (HHI). If you felt, based on your knowledge of the industry that this claim were untrue, what critical questions could you ask about the HHI used for the study?
Max enjoys snorkeling and wind surfing. Max has $35 a day to expend also he can expend as a lot time as he similar to on his leisure pursuits. The cost of renting paraphernalia for wind surfing is $10 an hour and for snorkeling is $5 an hour. The table shows the total utility Max gets from each activity. Total Hours utility from utility from per day windsurfing.
1 120 402 220 763 300 1064 360 1285 396 1406 412 1507 422 158
Draw the production possibility frontiers for the 2 countries. Draw the world relative supply curve for manufactures.
During the course of one day, airlines cut fares on nearly 35,881 routes. (a) Briefly explain why airlines might be more likely to match price cuts than price increases. (b) Which theory of oligopolistic behavior does the above situation most res..
After wearing seat belts became malsoatory, drivers reacted by driving faster also less carefully. This is consistent with Illustrate what Principle of Economics.
Construct a model to conclude your allocation of study hours. Include as assumptions points you "gain" from an hour of study time in each subject and your desired outcome on each test.
Elucidate how each of the following would affect the demand schedule you derived.
Illustrate what is the individual's optimal consumption in each period. Explain how much saving does he or she do in the first period.
Could not Ethiopia become a world class producer and exporter of goods? How would Ethiopia compare with Japan? Japan is a country relatively POOR in natural resources, yet it is an economic world powerhouse. What are the differences between the tw..
Suppose that the government of Tonga decided to impose or place a price floor on all imported chicken products. Elucidate what is the advantage and disadvantage of this policy.
Explain the design of a public policy that would subsidize the private performance of the R&D (to ensure that the research is done by the private sector) yet would minimize the public funds used.
q.suppose that a banks customer deposits 4000 in her checking account. the required reserve ratio is 0.25. what are the
Assume the government implements MC pricing regulation. Illustrate the effects of this approach on the diagram, clearly Demonstrate price charged, quantity produced, profits, deadweight loss.
Illustrate what do you think are the defining characters of a science. does the study of the economy have these characteristics.
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