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Q1. Do you think that frustrates groups like the ASPCA who believe the WTO is undermining their effort to make some US laws more stringent than those elsewhere in the world?
Q2. Find the subgame perfect equilibria of the variant of the game in which the post-entry competition is a game in which each firm chooses a price, rather than an output.
Q3. Consider the following utility function:U(X, Y) = max{X, 3Y}a) Draw the indifferent curve for this utility function.b) Find the Marshallian demand functions for X and Y and the corresponding indirect utility function.
Specify the set of mutually beneficial allocations relative to the initial endowment and illustrate the set.
Explain the logic of the Ricardian view of government debt and evaluating its practical relevance.
In Managerial Economics, Applications, Strategy, and Tactics, if contract promises were not excused because of acts of war, would the clearing and settlements clients of Bank of New York change their behaviour
The social security system levies a tax on workers and pays benefits to the elderly. Suppose that Congress increases both the tax and benefit.
Represent graphically the effects of an expansionary monetary policy and a contraction fiscal policy in the IS/LM/FX model.
Suppose that Missing Link must pay a tax equal to 40% of its gross revenue. What is the optimal number of machines for the company.
Calculate the constant debt-GDP ratio that the country can achieve if the country runs a primary budget deficit of 3%. Is this debt-GDP ratio stable.
Compare the competitive price charged and quantity produced under perfect competition and monopoly. Other than identifying the presence of only one producer under monopoly, why do we tend to see this differential.
What is the equation for the AS curve. What restrictions on the parameters do we need to ensure that AS curve has a positive and nite slope.
discuss the major types of financial intermediaries in the U.S. and illustrate the differences in the way assets and liabilities are recorded on their balance sheets
A competitive firm that is profit maximizing pays a wage. The firm has started marketing its new product.
Bud Owen operates Bud's Package Store in a small college town. Bud sells six packs for off-premises consumption.
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