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1. How is the production possibilities frontier related to the production contract curve?
2. What is the marginal rate of transformation (MRT)? Explain why the MRT of one good for another is equal to the ratio of the marginal costs of producing the two goods.
What can you say about the subgame perfect equilibria of this game? Can you give a precise characterization? If not, can you give partial charac terizations?
Presume that the market demand for cell phone service is given by the following equation: Qd = 471 - 2P where Qd is the quantity of lines per month that people in the local area would be willing to purchase at a monthly price of P dollars. What is th..
Harvard, Yale and Princeton all charge relatively high tuition. Still each uses ACT and SAT score as admission criteria. Are charging a relatively high tuition and using standardized test scores inconsistent
An engineering firm wishes to purchase new computers and server to replace their aging equipment. They plan on purchasing the equipment in 3 years. The purchase price of the computers is be $2468 each today. The purchase price of the servers will be ..
Compute the marginal profit function and what is the profit maximizing price, what is the market demand function and what is each firm's supply function?
What is the cultural phenomenon at play here what is it called/ term and how do you explain the lack of intercultural communication and interaction?
What compensation options are available to employers? Describe each. Many have argued that the most important reason for adopting incentive compensation is to communicate to employees how they contribute to the company's success.
some years ago conservation groups paid cattlemen in the western united states to move their herds away from wild
Identify the existing effect of the economic factors on aggregate demand and supply. Identify fiscal policies that are currently being recommended by government leadership.
A random sample of teenagers asks how many minutes per day they watch TV. There is a population variance of 625. The null hypothesis you want to test is H0 : µT V
Imagine back in time to pre-Internet days. Describe how you would have established communications for international trade in these time periods: 1935 and 1977.
What is the long-run equilibrium market price and quantity and what is the long-run number of firms in the industry? How much does each produce? What are their profits?
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