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1. Explain why the "free-rider" problem is likely to be greater in a "large" group than in a "small" group.
2. The common interest of people who are in a burning theater is to walk out orderly and in other ways avoid a panic. If that is the case, why do people so frequently panic in such situations? Use rational behavior and the logic of collective action in your answer.
The clinic has hired an efficiency expert to examine its operations and make suggestions for reducing costs.For some of the medical procedures done at the clinic, experienced nurses can perform the medical tasks approximately
economic fluctuations a significant scare a decade ago related to the change of the millennium y2k. one worry the
Analysis of Contractionay Policy:describe how the assigned policy can be implemented as a contractionary policy;i.e., how its policy instruments are to be adjusted and show the corresponding graphical representations.
The value of cross price elasticity of demand between goods A and B is 0.75, while the cross price elasticity of demand between goods A and C is -1.38. Characterize A &B and A & C as substitutes or complements.
Suppose you are to specify a short-run total variable cost function for a nursing home. Explain the variables you would include in the function.
c) Assuming the two different prices for S, how much of the two goods will be produced if Fnch has the right to pollute? "the firms are not merged" d) Assuming the two different prices for S , how much of the two goods will be produced if M has the r..
The technology is now expanding so that road use can be priced through computer. A computer in surface of the road picks up a signal from your car and automatically charges you for use of road.
Once the city is deemed to be operating a capacity the reduction of monetary stimulus will be required to maintain a balance between the aggregate suppy and demand of the output to keep infaltion on target in the area. Since aggregate demand is wh..
The 2008 fiscal policy package included roughly $100 billion in tax rebates that were mailed to taxpayers. By how much would aggregate demand shift (a)initially and (b) ultimately as a result of these rebates? (Assume MPC is 0.80.)
The total cost of a firm is given as C(Q) = 0.2Q3 - 0.5Q2 + 300Q +100 the current level of production is 10 units. If the firm plans to increase its level of production to 10.1 units estimate the change in the total cost of production
suppose that two players are playing the following game.nbsp player a can choose either top or bottom and player b can
What will be the equilibrium price? What will be the equilibrium output for the industry? For each firm? What will profit or loss be per unit? Per firm? Will this industry expand or contract in the long run?
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