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Consider the following distribution of income in a 12 person economy, with the modern urban wage=3, the traditional rural income=1 and the informal urban wage = 2: (1,2,3,1,2,3,1,2,31,2,1). the poverty line is at 1.3.
Based on following information
1) What is the level of absolute poverty in this economy? What policy (only one) would you adopt to mitigate this poverty?
2) Suppose rural incomes are raised to 1.5 though expanded agricultural expects. What will happen to the Gini coefficient of this economy? Why?
Why does taxing a product lead to deadweight loss? Use an appropriate graph to explain why the deadweight loss is greater the more elastic the demand for a product.
Why does the short-run marginal cost curve eventually increase for the typical firm? Describe what locative efficiency is and how it is achieved in pure competition?
Examine the basis for the trends in consumption patterns, as discussed in any article and explain what has occurred to change the demand for, or the supply of, the products, and market prices of those products.
Giving practical example discuss the implication of leaders inflexibility in adjusting their leadership style
Using a prisoner's dilemma game such as the "wedding game." explain how a positional arms race can occur. In your answer be sure to explain positional arms races, the nature of the wedding game, etc.
Alternative S has a first cost of $175,000 and a $40,000 salvage value after 5 years, but its annual M&O costs are not known.
a manufacturer is considering purchasing equipment which will have the following financial effectsyearnbsp
theres quite a bit to be said about face-to-face interviewing for sure. but theres also some drawbacks and you named
explain how rent seeking can lead to a drop in productin of goods and services.what role might the underground economy
What is the break-even quantity? What are total revenues for the break-even quantity? What are total costs for the break-even quantity?
Use this data to estimate the price Elasticity of demand for subway rides
You are the chief economic adviser in a small open economy with a floating-exchange-rate system. Your boss, the president of the country, wishes to increase the level of output in the short run in order to win re-election.
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