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Explain why equilibrium of supply and demand is desirable. Explain the following concepts using the concept of consumer and producer surplus.
Can you change prices in such a way that the entire demand response is due to income effect?
Find the probability of a good macroeconomy given that the forecast is for a good macroeconomy and the probability of a bad macroeconomy given/
Discuss how information can be measured as bits. Give an interpretation of the expected value of perfect information.
Compare the diversifiable and nondiversifiable risks. How would each of them be measured? What is portfolio risk, CAPM, and market beta?
How do people generally deal with risk? What are the types of attitudes toward risk? What attitude do business managers usually exhibit toward business risk?
What is risk and what is uncertainty? How would each and both affect the managerial decision making and what are the sources of risk?
A 20-year corporate bond of $2000 is issued at 8 ½% coupon rate and is sold at 2 ¾% discount with a flotation cost of 1 ¾%. What would be the cost of capital?
how you think their behavior would differ in this worst-case scenario of complete selfishness, relative to that of the average person in their position today.
What potential problem with conventional arbitration is resolved by final offer arbitration?
What concerns might prevent Superfund litigants from pressing on to trial in the face of a seemingly unfair demand from the EPA?
Which dispute resolution technique would you advise for neighbors who disagree over homeowners' rights to replace lawns with unmown native grasses.
What dispute resolution technique would you advise for Spain and Britain in their dispute over the Rock of Gibraltar?
Draw another graph with the price per unit on the vertical axis and the number of units purchased on the horizontal axis.
Draw a graph with the price per unit on the vertical axis and the number of units purchased on the horizontal axis.
What do you see as the most realistic policy approach to minimizing future conflicts over water? Would you be in favor of water rationing in your area?
What is the descriptive approach? How is it different from the prescriptive approach and where would managerial economics stand?
What is paradigm and how is it different from theory? Can you provide an example to set the two apart?
List and explain the four major steps of the decision-making process according to the scientific approach.
What are the qualitative fundamentals and why are they important to know for the study of managerial economics?
For which of these sets of policymakers would you most like to see a change in ethics, and to which theory would you want them to change?
Are the people you know who would never do one also the types who would be unlikely to do the other? Explain your observations.
Draw a utility distribution curve on which the Rawlsian and the egalitarian allocations are identical, but the utilitarian allocation is different.