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Explain using graphs why corruption with theft could either decrees or increase the quantity of the good purchased. for both cases (an increase in the quantity purchased and a decrease in the quantity purchase) show or describe who are the winners and losers from corruption relative to no corruption
Suppose there are two inputs in the production function, labor and capital, and these two inputs are perfect substitutes. The existing technology permits 1 machine to do the work of 3 workers. The firm wants to produce 100 units of output. Suppose th..
Restaurants have observed that large parties (eight or more) leave a lower average tip than smaller parties. Identify the effect, which also makes it more difficult to reach global environmental agreements, responsible for this phenomenon.
q. a company has the production function in the short termq 50l 6l2 - 0.5l3where q weekly productionl labor number
Elucidate which methods resulted in the most hits. Elucidate which methods resulted in few or no hits.
Load the Blue Spruce Light Up Data (latest file, through 2013). Extract and specify a model that predicts Cars through the gate as a function of Price and Average Daily Temperature.
What is the present discounted value of receiving $100 right now, $200 in one year, and $500 in five years? Show your work, and assume r=10%. What is the present discounted value of receiving $100 right now, $500 in one year, and $300 in two years? S..
Which of the following is the result of the "Great Compromise" between the small and large population states?
Using the Library, the Internet, and your course materials, briefly define and explain dynamic pricing. Select a company that uses (or has used) dynamic pricing and respond to the following questions
In what situations will a court impose a strict liability standard instead of a negligence standard? Provide a real-world example of a strict liability case. Is imposing this standard fair? Are strict liability standards fair as a general rule?
Joe can make apple pie at a lower opportunity cost than Sandy but Sandy can make more apple pies per day than Joe. This means that
Two firms compete in a market to sell a homogenous produce with inverse demand function P = 400 - 2Q. Each firm produces at a constant marginal cost of $50. Use this to compare the output and profits in settings characterized by Cournot, Stackelberg,..
Present a thorough analysis of the inverse relationship between inflation and unemployment reflected by the Phillips curve. Describe the importance of expectations and how they affect the actual relationship between the inflation rate and the unemplo..
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