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Two political candidates are vying for town mayor and the key issue is how much to spend on the annual Fourth of July fireworks. Among the 100 voters, 40 want to spend $30,000, 30 want to spend $10,000, and 30 want to spend nothing at all. What is the winning position on this issue?
Will the brothers gain if they specialize. Illustrate your answer with an example.
q. in 2002 roma was a schoolteacher and earned 40000. but she enjoys creating cartoons so at the beginning of 2003 roma
Elle's prefrences over apples(A) and bananas(B) are represented by the Cobb-Douglas utility function; U(A,B) = AB. Write down the optimization problem. What is the objective function? What are the choice variables? What is the constraint? What are th..
The average fixed cost curve always has a negative slope because
Discuss the motivational implications of a job which provide autonomy and personal responsibility to the employee. Discuss the motivational implication of a job involves not much significant task.
What would an increase in government purchases do to aggregate demand? When would an increase in government purchases be an appropriate countercyclical fiscal policy? If the current budget shows a deficit, what would an increase in taxes do to it?
If both manufacturers offer the same value, then 50 customers buy from each manufacturer. Find all symmetric Nash equilibria.
The outcome in that market will not be very different than if it were a perfectly competitive industry." Explain if he is correct and how you would respond to his reasoning.
Find the trend in the growth rate of M1 and M2. What accounts for differences in the growth rate of each money supply measure - Summarize measurement issues in M1 and M2 identified by the Federal Reserve.
Suppose the supply of labor is given by LS = 10w , where LS is the quantity of in millions of persons employed each year, and w is the wage rate in dollars per hour. The demand for labor is given by LD = 80 - 10w. What will be the free-market wage r..
Full employment is without a doubt the ultimate goal of every nation; however, in spite of the failures of controlled labor markets over the past thirty years there is still a lot of controversy
Which is the safer investment, Company A Stock, Company B Stock, or a porfolio containing half of each If you make a lucky prediction about the prices of the stocks of the two companies, will you earn more or less if you invest in that company rat..
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