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Definitions plus discussions
Discuss the cost of leisure time in industrially advanced countries relative to those in developing countries
Suppose 2 television stations are offered 2 old Hollywood films: Casablanca and Son of Godzilla. The stations' willingness-to-pay for each is as follows: Station A WTP: Casablanca $8,000 Godzilla $2,500 Station B WTP: Casablanca $7,000 Godzilla $3000..
Why does the structure of some industries change significantly over time while in case of others, remain fairly constant over extended periods of time?
In macroeconomics from williamson (4th edition) in chapter 11, it says that demand for credit is R=q (totally elastic), but in williamsons notation, R is in nominal terms and q in real terms. Isnt that mistaken? shouldnt it be r=q? (r=real interest r..
The U.S. Department of Transportation reported the results of a survey of driving safety. In a random sample of 1000 drivers, 275 were using their cell phone. Compute and explain a 99% confidence interval estimate of the population proportion of driv..
Consider an infinitely repeated Cournot duopoly with discount factor ? 0, and inverse demand functions p(Q)=a-bQ, with a>c and b>0. Find the condition on the discount factor, ?,for which the two firms could successfully collude over the monopoly outp..
How are the depopulation of Whales worldwide and Congested Highways similar in terms of economics? What are some possible solutions to both?
Using the Lagrangean multiplier approach calculate the optimal (i.e., service maximizing) combination of medical and social staff. Determine the optimal amount of service provided by BF.
Excise tax is collected from fishermen, who protest that y alone are bearing burden of this policy. Why might this protest be misguided.
Initially Country A imports apples because the world price (PW, blue) is below the price that would apply (PA), in the absence of trade, in A; illustrated in diagram 1. Consumer and producer surplus are shaded in green and yellow respectively. show t..
David’s firm experiences diminishing returns after producing the 8th unit. The total cost curve associated with David’s firm after the 8th unit:
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