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1. Why do the Pareto criteria fail to provide a single point that is the best allocation?
2. What must be true about the exponents in the Cobb-Douglas utility functions for consumers A and B to generate a linear contract curve? Describe your procedure and explain your answer.
If a small country wants to protect its domestic producers from more efficient foreign competition by imposing an import tariff, will it come out ahead Do consumers lose when a large country protects it's less efficient producers from foreign comp..
How do the central bank's policies compare to those of the U.S. Federal Reserve (FOMC) over this same period?
what do you mean by a social welfare function? if you assume that such a function exists what properties of social
Linda inherited a sum of $50,000 from one of her grandparents. She would like to wisely invest the inheritance in one of the following three investment opportunities available for a period of 10 years. Help choose the best investment opportunity for ..
Use the regression equation to focus the demand for the product you chose for the next three periods. Assess what the results of the regression equation tells managers and how it is likely to impact decisions made related to maximizing profitabili..
Consider a perfectly competitive market described by the demand function P = 50 - 0.5Q and supply function P = 20 + 0.3Q. Suppose the market is initially in equilibrium. If the government intervenes in the market and imposes of a price restriction of..
in oligopoly each firm is acutely aware of the production and marketing decisions of all competitors and carefully
First, what does GDP measure? Even if we prefect the measure by correcting for price increase
multinationals operating in china has been setting up factories deep in the interior in search of affordable labor. for
Determine each equationons total revenue and marginal revenue equations. Plot the demand equation and the marginal and total revenue equations on a graph.
Suppose average movie attendance is 250 million tickets when prices are $7 a ticket and 200 million when prices are $9 a ticket.
Pharmaceutical drugs have an inelastic demand, and computers have an elastic demand. Suppose that technological advance doubles the supply of both products (that is, the quantity supplied at each price is twice what it was).
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