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What is meant by marginal analysis in economics? What are some of the problems with this analysis?
Why most rich countries do are Democracies? Do Democracies have a higher mean economic performance than dictatorships? What do you think is going.
What is the average variable cost of producing 5 units of output? What are the average total cost and marginal cost of producing 5 units of output?
Explain how the concept of freedom--or lack thereof--becomes an important factor for both Wes Moores at the end of the book the other Wes Moore.
How the firm's demand curve in this market would look like? Is the marginal revenue equal to the price when selling one more unit of the product?
A bag in TJ.Maxx is a normal good, and a bag in LV is a luxury good. What would happen with the demand for the goods if both shops implemented 50% sales?
What is the long run market equilibrium price and quantity in this market? What is the nash equilibrium price and quantity in this Stackelberg model.
Of the bonuses listed below, which is the smallest that still motivates the risk-neutral contractor to work diligently?
You are roling a dice and you will get $100 if it gets 6 and you will have to pay $20 in case. What is a mathematical expectation of the result of this game?
Discuss why the barrier to entry you have identified will be sufficient to limit entrants for an additional five years. Provide a market prospect.
What is this market structure and why? Use an appropriate diagram that demonstrates them earning profits.
Assuming each is rational, and given each man's beliefs, who should each man shoot, and why? How does this line up with what actually happens?
Provide a brief narrative explaining the conditions that satisfied, including the profitability of individual firm, in a perfectly competitive industry's LRE.
How might you go about finding out the level of risk aversion for a person or a group of people? What kind of economic policy problems would that be useful for?
What price will buyers pay after the tax is imposed? How many gallons of gasoline will be sold after the tax?
Who is correct, why are they correct, what should output be, and what will profits be? Use concepts from class, maths, and graphs to support your answer.
Using the extracts and your knowledge of economics, assess the view that the market structure of the pharmaceutical industry is damaging for consumers.
The current market price of that particular video game is $80. What is the total producer surplus for the two firms?
What will be your advice? In particular, how will you help them control costs to maximize their profits, and decide to close their doors for the season?
How do you connect monopolistic competition, oligopoly, demand for resources. Describe the idea first, elaborate on connection and add an example in each case.
Find all Nash Equilibria. Players simultaneously decide among Alleson Athletic, Boxercraft, and Augusta. Find all Nash equilibria.
One player chooses the pure strategy, and the other two players symmetrically randomise. What are the three Nash Equilibria in this situation?
What are the plausible reasons of falling productivity in most recent years. What is Benefit Principle? What is Ability to pay Principle of taxation?
Describe this market under the assumptions of perfect competition. Describe this market using the concept of competition as a process.
An indept analyzes a real firm and discuss an economic problem associated with the firm. (mergers, profit maximization, outsourcing, etc).