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Why do upper socioeconomic status and lower socioeconomic status class individuals behave unethically?
A single price monopolist faces a demand curve given by Q=200-2p and has constant marginal (and average total cost) of 20. What is the value of the deadweight loss generated by this monopolist?
Comment on the following assertion: 'If the trends in schooling continue, at some point in the future, everyone will have a college degree
a) Derive the demand equation. b) What will happen to weekly consumption as price increases to $4?
Important determinants of the demand for workstations and must therefore be included in the study. How would you respond to this implication.
In the middle of the Great Depression, President Herbert Hoover tried to balance the federal budget. This involved both rasing taxes and lowering government purchases. Using a Keynesian 45 model, Graphing and explain the effect of each of changes on ..
De Beers is a monopolist which supplies diamonds with constant marginal cost and constant average total cost. Draw the average cost, marginal cost, demand and marginal revenue curves. Show the price charged by De Beers without price discrimination.
Under what circumstances would Gore be better off giving Bush a head start on putting together his presidential ticket.
Find a symmetric Nash equilibrium to this game. That is, what number is a best response to everyone else submitting the same number? Show that choosing the number 5 is a dominated strategy. What are all of the dominated strategies?
Why do women earn less than men? What are the reasons for the pay differential?
Suppose that Omar's marginal utility for cups of coffee is constant at 1.5 utils per cup, no matter how many cups he drinks.
WSJ's Justin Lahars reports that counties throughout the U.S. have seen employment declines that can be attributed to the importing of inexpensive goods from China.
Consider a relatively small, tropical island nation (using the customary standard for size comparison, this nation is roughly 35 Rhode Islands). It has a healthy, well-educated population and the population growth is stable. Its economy has been stag..
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