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What is the economic justification for zoning laws, which restrict the private property owner’s right to do what he or she wants with his or her property?
Defective units that go undetected into final assemblies cost $22 each to replace. An inspection process, which would detect and remove all defectives, can be established to test se units.
Sweden receives a great deal of attention from economists in part because
Consider a box with width W, length L, and height H. Suppose you have to construct a box with the following constraint: W+L+H equal or less than 30. Suppose W has to be 12. What is maximizing volume of box? What should L and H be?
if Bob bids $ 5, Alice bids $ 6 and Bob n passes, Alice gets $ 20 and pays $ 6 to auctioneer and Bob pays auctioneer $ 5. Both have $ 100 to bid. What is optimal strategy.
Will market of demand and supply for labour with no government interference lead to an efficient outcome? Will your program affect it? Why or why not. How well do you think a voluntary contribution scheme [paid for by companies] would work in fun..
For lunch, Ada prefers to eat soup and bread in fixed proportions. When she eats X pints of soup, she prefers to eat 2X ounces of bread. If she has X pints of soup and more than 2X ounces of bread, she eats all the soup along with 2X ounces of bread ..
Explain how would we measure the cost of the project to determine whether it is worth undertaking.
A group of investors is thinking about buying a ticket also sharing the proceeds if they win. The organizer offers the following deal.
According to the rule for optimal input usage, a film should hire a person as long as her marginal income product is greater than her marginal cost to the company.
q.what are your predictions for the economy of thrifty peg based on the following policy scenario1. suppose the
q1. the coase theorem suppose a firm pollutes a stream that has a recreational value only when pollution is below a
If you deposit money today in an account that pays 6.5% annual interest, how long will it take to double your money.
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