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What IS an individual? Is the idea of individual the same when you talk about a tree, as when you talk about a mosquito? How about clonal bamboo? Reason your answer. Define individual and discuss in which ways this concept is the same for a tree and for a mosquito. Discuss ways in which the concept may differ for each
Show the effect of tax credit graphically, assuming the $4,000 credit is a Pigouvian subsidy. Label the graph correctly and explain how this tax credit will affect each of the curves, equilibrium price, and quantity.
What actions could the government take to move the economy back to potential GDP?I also need to graph this :S I am not very good at economics
Suppose a monopolist faces a market demand curve given by P=220-3Q. Also, the marginal cost of production is constant and equal to 40. There are not fixed costs. What price should the monopolist charge in order to maximize profit as well as the dea..
When marginal cost rises and the number of firms falls, what happens to Cournot equilibrium price? Use graphs or math to illustrate your answer. (Hint: If you use math, it may be helpful to assume that the market demand curve has a constant elasti..
In discussion of business and society. Why is there a tendency to focus on large firms rather than small or medium-sized firms? Have the corporate ethics scandal of the past decade affected small- and medium-sized firm? If so, in what ways have th..
Would it make any difference to the analysis of this game if we removed the information set of player 2 that links the topmost and bottommost pieces of the tree? If so, what difference? If not, are there information sets of player 1 that are simil..
Were firms that charged this way in favor of or against portability of phone numbers?
Amy is shopping at a dollar store. She is currently buying 5 bracelets that cost $1 each and 4 sodas that cost $1 each. The table below indicates the marginal utility she obtains when she purchases this combination.
Why do they not expand indefinitely?
The parents of a young child decide to make equal annual payments into a savingsaccount, with the first payment being made on the child's fifth birthday and the last payment being made on the fifteenth birthday. Then a rotal of four withdrawals of..
How do you interpret the effect of immigrant status on wages when the model is Log wages regressed on immigrant dummy, and an immigrant dummy interaction
Each firm's decision will affect its own profits, as well as profits of its competitor. The following payoff matrix shows the possible outcomes for this game between Coke and Pepsi. Here Coke is the row player and Pepsi the column player.
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