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Can the government correct market failures? More specifically, discuss the approach/es that the current Chinese government has taken to dampen decreasing prices in the Chinese stock market. (has it been effective?)
Assume a perfectly competitive firm is producing a level of output at which MR
Many of the developmental debacles faced by the Global South today are a result of historical events that developing countries were disadvantaged by. In what way does a historical analysis facilitate a better understanding of the problems faced by ma..
Illustrate what can be said about the utilization of resources when 20 airplanes and 20 buses are produced. What is the opportunity cost of increasing the production of airplanes from 50 to 60? From 0 to 10 airplanes.
Can the researcher say with a 0.05 level of significance that the proportion of children not completing primary school is more than 1%.
If the price elasticity of demand for a product is -5, and the income elasticity of demand for the product is 2.5. If a 0.5% decrease in product price as accompanied by a 1% decrease in consumer income, the firm's total sales will
An engineer deposits $300 per month into a savings account that pays 6% per year, compounded semi-annually. How much will be in the account at the end of 15 years if there is no inter period compounding?
The "Vintage Sisters" collect old junk, fix it up, and sell it at craft fairs as a hobby. All of their costs are covered by their poor father who lets them use his shop, tools, and paint for free. When pricing their stuff, what elasticity of demand s..
Andy purchases only two goods, apples (q1) and kumquats (q2). He has an income of $40 and can buy apples at $2 per pound and kumquats at $4 per pound. His utility function is U(q1,q2)=3(q1)+ 5(q2). What is his marginal utility for apples and what is ..
What is one important characteristic of perfect competition? What is the expected slope of the demand curve for a firm in perfect competition? What characteristic of a monopoly will most likely ensure economic profit in the long run? What is the main..
Problem - Consider a simple two-period overlapping generations model. The size of t e population is constant and equal to N for all period. Write down the market-clearing condition for trees for each period
Consider a hypothetical market for paper. you are given the following demand, supply and MEC curves: P=100-Q MC=1/4Q MEC=10 Draw a diagram that shows the privately and socially optimal outcomes. Determine the socially optimal level of production and ..
Explain how premium business models work. Make sure to include the mathematical equations we used in the Dropbox case study to describe the economics of this type of offering (calculating how many paid customers are needed to support free customers).
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