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If a reform improves everyone's income on average, why might people vote against it? You may wish to provide one or more numerical examples to illustrate your answer?Explain the differences between characteristics of public goods and private goods and services. How can goods and services provided by nongovernmental organizations be considered in this framework?
Think about the idea of success and failure: How doesAntigone examine what determines failure and success. What about Marx? Can one control one's "fate", if so, to what extent, if not, why?
A drug company has a monopoly on a new patented medicine. The product can be made in either of two plants. The total costs of production for the two plants are given by c1(y1) = 20y1 + y1^2 and c2(y2) = 10(y2^2) + 5/2(y2^2).
When the colts won the super bowl the demand for peyton manning's jersey was: P = 210 - 0.002Q with a corresponding marginal revenue of: MR = 210 - 0.0004Q IF the marginal cost of producing a jersey is $10, how much are the trademark licensing rig..
If an alternative has an advance payment of $100,000 upon contract award and then quarterly payments of $25,000 for the next 3 years, what would the cash flow diagram look like
CEMEX and Holcim are two cement manufacturers in Durham. They produce cement and sell it into a competitive world market at the fixed price of $60 per ton. Producing one ton of cement also produces one ton of air pollution that negatively impacts ..
b. Calculate the aggregate social welfare in the competitive market c. Suppose Christmas tree suppliers get together to form a price-setting cartel (monopoly). What will price and quantity in this market be
Suppose that the nominal rate of interest is 4 percent and the inflation premium is 2 percent. What is the real interest rate Alternatively, assume that the real interest rate is 1 percent and the nominal interest rate is 6 percent.
What are the advantages and disadvantages of this approach? What do you think would be the objections to that approach in the United States?
For savers, how will the income effect of a higher interest rate affect current saving? How will the substitution effect of a higher interest rate affect current savings?
Would you have recommended that the airline adopt the program? What would you have assumed about the responses of other airlines? Would this have been important to your assessment?
Suppose that two power plants are necessary to keep the city from a black-out. Find the probability that the city will experience a black-out.
What does your answer tell you about the size of substitution effects resulting from changes in the price of nuts?
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