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Evaluate advantages of deploying closed-circuit television (CCTV) in a waiting room.
Growth without diminishing productivity of capital suppose that the production function is Y=AK. What is the condition for the growth rate of capital per worker, ?what does the s*(y/k) curve look like? Discuss how your results relate to diminishing p..
Revnol, a manufacturer of cosmetics, prices its popular pink lipstick at $8. On the basis of test-marketing, Revnol believes that women between the ages of 18 and 20 have an own-price elasticity of −1.5 and that 60 percent of them are likely to purch..
As a practice for working with two constraints, find x and y that solve the following problem: Max x*y s.t. 2x+2y
As in the previous exercise, consider an initial wealth of 10 and the lottery X˜ . Assume now that the utility is: u = w for w = 10. Draw the utility function. Is it globally concave? Compute the certainty equivalent and the risk premium attached t..
If you are constantly looking at your phone and not focusing on driving, working, schoolwork, or even talking to the people in the same room, is it an addiction? What does that mean as we allow this as a society?
Discuss the forces that have promoted job decentralization in U.S. metropolitan areas. Explain the negative externalities associated with job decentralization. Assuming, as suggested in class, that the private gains and negative externalities/public ..
What is the opportunity cost of producing lumber in the U.S.? What is the opportunity cost of producing cars in the U.S.?
Two boxers. Brutus and Floyd, are training to fight each other. Each boxer is considering whether to take steroids to improve his chance of winning the fight. What is the Nash equilibrium? Would the boxers be better off if the boxing association bann..
Guess as to illustrate what might be the four industry concentration ratios for corn growers in the United States
Explain how your articles are consistent with your own findings. You need to relate the articles to any of the concepts discussed during the previous weeks: GDP, inflation rates, unemployment, government monetary policies (money supply, exchange rate..
Explain the connections between opportunity cost and the production possibilities frontier.
Which lawyer would you sooner choose if you were on trial for a serious crime in a urban vs. a rural society. Is there a difference between the two communities? If there is tell us why there might be a difference.
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