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Consider an exchange economy with two goods (x and y) and two agents (a and b). Agent a has preferences represented by ua(xa, ya) = xaya and endowment (ω a x , ωa y ) = (2, 3). Agent b has preferences represented by ub(xb, yb) = min{2xb, yb} and endowment (ω b x , ωb y ) = (6, 1). (a) Compute and draw the contract curve, the core, and all Walrasian equilibria. (b) Repeat part (a), but where agent a has preferences represented by max{2xa, ya}.
When we talked about vertical restraints I repeatedly mentioned how you can sell yourself in a job interview by noting that you have learnt IO.
Select an organization that has a high fixed cost and low variable cost balance to run its operations. Explain and discuss the balance of fixed and variable costs for the organization.
assume that country a has a population of 500000 and only produces one good-cars. country a produces 100000 cars per
What is the new profit-maximizing output
How was the communication effective? How could it have been more effective? How might you communicate differently in the future?
Sweaters sell for $15 at the crafts fair. Allie knits sweaters and her marginal costs are given in the table below. Allie's costs increase with each additional.
It is more likely than not that the expenditure of an additional $2m will deter Maytag from entering the market as GE's profits continue to rise and the demand curve continues to shift to the right, even though at a slower pace than if Maytag did ..
In both oligopoly markets and monopolistic competition with differentiated products Select one: There is easy entry and exit. Economic profits may be earned in the long run
Sales force compensation can be approached several different ways. Discuss sales force compensation, explaining each of the different ways compensation can be structured, and the advantages and limitations of each compensation approach that you sh..
Suppose that raw materials (input R) are fixed at 10 units. Determine the number of units of input L that maximizes the total product function.
How does the gap between CEO pay and the average employee pay affectfirm performance? How does firm performance affect CEO compensation beyond what average employees make?
Describe an experience that you had working on a team. As part of your response discuss how the team was evaluated.
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