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Tipping theory, though not new, is in the news lately, in reference to our "recession" (some say "depression"), and how we can get ourselves out of it, whatever we call it.
What is tipping theory? If you've never heard of it, you may research the topic. Then, how would you apply it to any part of our economy? Most important, where does it start? For instance, if you apply the theory to the auto industry, then what would tip new car purchases? Would it be the availability of credit? The number of people employed? Fear, or the lack of it, on the part of consumers?
Each of the players chooses an (integer) amount between $180 and $300. Both players receive the lower amount. Five dollars are transferred from the player who chose the larger amount to the player who chose the smaller one. Find the Nash equilibria f..
Presently, AFC has on its medical staff 10 doctors and 10 nurses. The daily wage of a doctor is $600, whereas a nurse is paid only $200 a day. Is the mix of doctors and nurses the clinic is presently using optimal? Explain.
Compute the changes in consumer surplus, producer surplus, government revenue and third party surplus. Also, show these changes on a graph.
q1. the article discusses the decrease in firm costs. should the decrease in costs affect the quantity supplied? why or
What do classical economists believe about the slope or shape of the Aggregate Supply curve? More traditional economists would refer to this AS curve drawn by the classical economist as the _____ ______ Aggregate Supply curve? What do classical econo..
Determine whether the following production function exhibits constant, increasing, or decreasing returns to scale
Which of the following is not part of the index of leading economic indicators?
Suppose, alternatively, that leisure and consumption goods are perfect substitutes. In this case, an indifference curve is described by the equation i = al + bC, where a and b are positive constants, and u is the level of utility. Show what the consu..
The demand schedule for new hires with le bac and the supply schedule for similarly credentialed new job seekers are given in the accompanying table. Elucidate the currency used in France-is the same as the yearly wage.
Explain the law of demand and the law of supply in healthcare. Distinguish between demand and quantity demanded. What determinants cause a shift in demand? Please include reference(s).
How much income gets you into the top quartile or quintile. Discuss the issues of regressive, proportional, and progressive taxation.
Pretentious that yields for each stock are around generally distributed, with which investment strategy do you have the smallest chance of losing money?
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