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Compare and contrast two strategies and explain the disadvantage of the simultaneous lending strategy. Be mindful of the group lending scheme which Grameen Bank adopts.
She consumes 10 units of x1 and 15 units of x2. If her income doubles, while prices stay constant, how many units of x1 will she consume after the change in income?
How does the removal of the tax deduction on mortgage interest affect the housing market? How do other changes in government spending and taxes affect your decision?
What are the differences between productive and allocative efficiency? What conditions must be present for productive and allocative efficiency to be achieved in the 'real' world? How does industry
Using the theory of consumer behavior, how do you think flexible benefit packages would affect an employee's preference between higher wages and more benefits?
Explain how a firm's production function is related to its marginal product of labor, how a firm's marginal product of labor is related to the value of its marginal product and how a firm's value of
Plot the average cost, average variable cost and marginal cost on a graph. Suppose the average wholesale price of a wireless phone is currently $50. Should the company enter the market? What would be
What is the difference between "equality of opportunity" and "equality of outcomes." How could one or the other be supported by government policy?
What do you think are the changing aspects of the economics of the following industries:
The other newspaper, so the gains to reaching agreement are only $9? Suppose the two newspapers merge. What is the likely post-merger bargaining outcome?
how does it affect consumer surplus, producer suprlus, government revenue, and total surplus? is it a good policy form the standpoint of ecomonic efficency?
The average price of red snubble is about $8 per kilo, and the fisher people's revenues for catching red snubble just cover their costs. What is the open access amount of fishing effort supplied?
The NAV of the Growth American Fund is $11.00 per share but you have to pay front load of 5%. After a year you sell those shares at $10.75. The fund declared a dividend of $.40 and paid $1.65 in ca
If the state sells the bonds at auction, and receives 64 cents (now) for every dollar it will have to repay in ten years, then what's the implied yield (annualized interest rate)?
Assume that both X and Y are normal goods and that the price of good Y increases. Then, which of the following effect is known with certainty.
Explain how the solow growth model differs from models of endogenous growth with respect to the sources of technological progress and returns to capital
Assuming that two firms are competing in a Cournot Duopoly, when firm B adopts a strategy that raises firm A's Marginal Cost, what will occur?
At prices below 40, he will produce nothing. If the price of chairs is $100, Karl will produce 30 chairs. At this price, how much is his producer's surplus? 12(60 × 30) = 900.
An economy is facing a recessionary gap. To eliminate the gap, should the central bank use expansionary or contractionary monetary policy? How will the interest rate, investment spending, consumer
Suppose that a monopolistic company faces the consumer demand curve given by P= 10 - q/500. The marginal cost, MC, of producing this product is $2. There are fixed cost, F, = $100. So, the cost cur
Construct a sequential decision tree for this decision situation and determine whether the company should make a bid.
The Wall Street Journal's experience after it increased its price to 75 cents. What implicit assumptions are the publisher and the analyst making about price elasticity?
The last bottle of wine added 50 units to Bridget's utility, while the last pound of cheese added 40 units. Is Bridget making the utility-maximizing choice? Why or why not?
where Q is output per week measured in tons and L is the number of workers employed. The weekly wage is $324 and the product sells for $3.24 per ton. Calculate the firm's point elasticity of demand
The marginal cost curves of the small producers are, respectively: What is the aggregate supply curve for the small producers? What will be the quantity supplied by each of the two small producers?