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Policy application . Suppose you are in charge of grants from state to local government in order to reduce inequality in the amount of resources that counties have to provide certain basic services such as roads, sheriff's office, emergency medical services, libraries, and health clinics. Your state has a few large urban areas with some poverty but also a lot of taxable commercial and industrial wealth, prosperous suburban areas, and a lot of rural areas with limited job opportunities and low population density. It is your job to come up with a distribution formula for state aid to counties. What factors might you include in your formula? Why?
What are the highest and lowest payments from the writer that the bookkeeper farmer team will accept for the 6th day Assume that the farmer can dispose of $7 from the writer as she wishes, what range of payments will the beekeeper accept
A monopolist has a linear inverse demand of: P(q) = 100 - (1/4)q and has a cost function of: C(q) = 2438 + 4q What are the monopolistic market price, quantity and prots
Suppose that market demand is given by Q = 10 - 0.01P in which Q is the quanity of a good given in million units, and P is the price of the good given in $ per unit. In the long-run, a typical producer faces average cost AC = 9 + 2Q and marginal c..
How has Argentina fared after its financial crisis in 2002
ASSUME THAT THE CONSUMPTION SCHEDULE FOR A PRIVATE OPEN ECONOMY IS SUCH THAT CONSUMPTION C = 50 + 0.8Y. ASSUME FURTHER THAT PLANNED INVESTMENT Ig AND NET EXPROTS Xn ARE INDEPENDENT OF THE LEVEL OF REAL GDP AND CONSTANT AT Ig = 30 AND Xn = 10.
Would this have been the result of a change in demand or a change in the quantity demanded? Would you recommend the flat fee or the fee per bag? Why?
A major pension fund is interested in purchasing Barrett's stock. The pension fund manager has estimated Barrett's free cash flows for the next four years as follows: $3 million, $6 million, $10 million, and $15 million.
State your opinion on which of these pollutants other than CO2 are of more concern to you and why, backing your opinion with data from your readings, or from other sources outside the class.
Suppose P=20-2Q is the market demand function for a local monopoly. The marginal cost is 2Q. The local monopoly tries to maximize its profits by equating MC= MR and charging a uniform price. What will be the equilibrium price and output
Would a ?rm from a small country be more or less likely to be accused of dumping when it exports to a large country (relative to a ?rm from the large country export- ing to the small country)?
Consider the marginal cost curve associated with cleaning your dorm room. Label the vertical axis "time" and the horizontal axis "percent clean." What would this marginal cost curve look like?
The basic facts about the path of GDP are as in problem 1. But there is now a one-period outside lag for government spending. Decisions to spend today are translated into actual spending only tomorrow. The multiplier for government spending is sti..
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