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Consider five people with the preference rankings over four projects a, b, c, and d as follows:
a. Draw the preferences by ranking the projects by alphabetical order from left to right.
b. Who has single-peaked preferences and who has not?
c. Which project will be selected by majority voting? If none is selected, explain why.
Verify that Theorem 7.14 from Chapter 7 can be applied to the social planner's problem in Section 13.1.
what is the minimum tolerable value of RL?
how would you assess the damages against the government?
ABC Corp. owns a piece of land and building a few miles from its headquarters. The land originally cost ABC $500,000 to purchase. ABC is considering using the facility for a new training program. It could also rent a building about the same distan..
Plant A is much more highly automated than plant B, which in turn is more highly automated than plant C. For each type of plant, average variable cost is constant so long as output is less than capacity, which is the maximum output of the plant.
For the declining-balance method, Wang Company uses the double-declining rate. For the units-of-activity method, total machine hours are expected to be 24,000. Actual hours of use in the first 3 years were: 2009, 400; 2010, 4,500; and 2011, 5,000.
A construction firm needs a new small loader. It can be leased from the dealer for 3 years for $5500 per year including all maintenance, OR it can be purchased for $20,000. The firm expects the loader to have a salvage value of $7,000 after 7 year..
What can this model help us explain that strict endogenous and neoclassical growth models cannot?
Define Q to be the level of output produced and sold, and assume that the firm's cost function is given by the relationship TC = 20 + 5Q + Q2 Furthermore,assume that the demand for the output ofthe firm is a function of price P given by the relations..
Discuss the positive or negative impacts of competition in healthcare on the patient.
What is the corporate mission statement of Starbucks , assuming it has one? How well do the company's actions adhere to its stated mission?
Imagine an economy where a state-owned enterprise exists alongside a private firm that produces the same good. The private firm has a TEP level that is three times as high as the SOE: Ap = 3x As x the production functions are Yp=Ap x Np
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