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The box contains ten milk chocolates and ten plain chocolates. Neither child likes plain chocolates. Analyze the Paretoecient allocations.
If it takes four days of labor to produce a week's food, and one day of labor to steal a week's food, explain what will be the equilibrium outcome?
Explain the widely shared neoclassic economics argument for Mexican immigration. In your explanation please include both the macro and micro explanations.
How do producers receive the signal that they need to increase production to meet the new demand?
Why might you be unwilling to loan money directly to someone who wants to borrow from you to buy a new car?
Draw the possible shares that the two people can have. What allocation of shares would you choose? How would your answer change if y = [1 - x ]4?
Consider two methods of dividing a cake between two people. Method 1 is to throw some of the cake away. Which method do you prefer, and why?
If the price of good 1 is 1, at what price for good 2 will the firm just break even? Graph the firm's profit as a function of the price of good 2.
What is the connection between crime and unequal acess to basic services? Explain at least four connecting factors?
At the same time, the quantity of Greek yogurt supplied increases from 100,000 lbs to 180,000 lbs. What is the price elasticity of supply for Greek yogurt?
You are requested to construct a model to predict the effect on the economy of the discovery of new oil reserves. How would you model the discovery?
Find the mean average tax rate for the population. Find the mean marginal tax rate for the population. How do these mean rates differ from the actual rates?
What are the determinants of growth in production and consumption in the endogenous growth model?
What are the effects on aggregate output, consumption, and investment? What is the effect on the growth rate? Explain briefly.
How much is he spending on snacks? How does this amount compare to his budget constraint?
How many units of soda will be traded if the government impose $2.50? What about if the government imposes a price ceiling of $0.80?
Explain in terms of Marginal Revenue to the printing shop. Can you think of a more sensible way for the printing shop to offer quantity discounts?
How does this tourist's perspective differ from that of economists who use the model of demand and supply?
Types of products or services of your company, and identify two (2) key factors in the organization's external environment that can affect its success.
Analyze the difference between the efficiency of a tax system and the equity of a tax system.
The three characteristics of these types of companies are - focus, divergence and a compelling tagline.
Assuming the opportunity interest rate is 8%, what is the present value of the second alternative mentioned above?
Find an expression for the output per worker as a function of the capital-labor ratio.
Explain how in the (Solow) exogenous growth model, output and consumption per worker converge in the long run to steady-state levels.
In the exogenous growth model what are the effects on the steady-state consumption. Give a graphical illustration of each effect on the steady state.