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Each year, public schools are rewarded with bigger budgets for achieving a rating of "excellent” or "recommended” and are punished for rating "needs improvement.” These ratings are based on meeting thresholds on a broad set of measures such as attendance rates, graduation rates, standardized test scores, SAT scores, etc. Discuss the incentives for principals under this scheme and how you might improve them.
When the production function and the revenue are function the same in a model? (Answer is related to an assumption made about the price of the consumption good)
The graph also shows the marginal revenue curve faced by this firm. Hypothetical cost and revenue curves for a computer producer. Explain how many computers will the monopolist sell to maximize profits.
Suppose that Bill, a resident of the U.S., buys software from a company in Japan. Explain why and in what direction this changes U.S. net exports and U.S. net capital outflow.
Suppose that a country's workers are universally protected by COLA's and an adverse SAS shock, occurs. After wage and price adjustments, ceteris paribus, we find
Compare and contrast the possible consequences for an economy of inflation and deflation.
Note that the inverse demand functions for the high-valuation and low-valuation consumers in Figure 6.4 is p(q) = 16 − q and p(q) = 12 − q, respectively. If the monopolist could tell the two consumer types apart, what are the optimal block pricing co..
How did the Federal Reserve let the banking system collapse in the 1930's Great Depression? Did The Fed get things right in our 2008 crisis and since then?
Consider the following supply and demand equations for labor in a given industry: If a minimum wage of $8 is applied to this market, how many people will lose their jobs because of minimum wage? How many will be added to the unemployment rolls?
demand for its tennis balls by using the subsequent linear specification
The market for authentic poutine in Vancouver is controlled by two shops, PierrePoutine (i = P) and Mean Poutine (i = M). The market demand is given by p = 12−q, where p is the price, and q is aggregate output. Both shops produce at constant marginal..
As a matter of fact you have found several of these to be below minimum wages in your state. Discuss if dropping the observations is reasonable.
What types of assets might a small business have? What types of debts (liabilities) might a small business have? What does a current ratio measure, and how do you calculate it?
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