Discuss how well do punches of market satisfy
Discuss how well do punches of market satisfy properties of ideal money (portable, durable, divisible, uniform quantity, stable value, low opportunity cost)?
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Find out the efficient outcome. Suppose the fishermen have property right to no Pollution (and the property right is protected by compensatory damages)
The SGM has failed with respect to the prediction that "poorer countries will eventually converge to the same income-per-capita levels of richer countries" as we have seen in class.
Discuss the main issue that confounds attempts to distinguish empirically among these two theories draw some of the attempts that have been made to distinguish between these two theories, making sure to point out the limitations of these attempts.
Determine how many franchises should CC award given that it determines the prices the stall holders can charge and that it will have a profit-sharing royalty scheme with the stall holders?
A company purchases a piece of manufacturing equipment for rental purposes. Expenses are estimated to be 2,000 annually. The purchase price is 75,000 and there is a salvage value of 10,000.
Assume Jean Splicer, an investor, buys $500,000 of shares of stock in a diversified bundle of Bio-tech firms and exactly one year later sells those shares for $530,000.
Governments subsidies the price of petrol for its citizens in a number of countries around the world. Using microeconomic theories discuss and show the pros and cons of such a policy.
Assume that there are n bidders participating in a First Price Auction. Each bid- der's private valuation is independently drawn from the interval [0, 1] according to the distribution with cdf F(x) = x2 and pdf f(x) = 2x.
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