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Do you agree with the following statement?
Whenever the potential injurer has full control over the probability of an accident, both strict liability and simple negligence result in efficient precaution level by the potential injurer.
Give an example of a decision that is rational ex-ante but irrational ex-post. Under what conditions will this ratonality be different and under what conditions will the rationality (ex-ante and ex-post) be the same?
Why might a profitable motel shut down in the long run if the land on which it is located becomes extremely valuable due to surrounding economic development What kinds of costs are involved in making a decision to shut down
Ipads and laptops are substitutes. Use a supply and demand to show what happens to price, quantity, consumer surplus, and producer surplus in the market for laptops (after a technological advance has reduced the cost of making Ipads).
Colombia's current worth and cash flows and Colombia's FDI strategy (economic growth stategy)
How does taxation harm the economy? If taxes hurt the economy, why do they exist?
1. a firm has the following production functionq lk.the firm wants to produce a target output level of q200. the
Graph the budget line and add the indifference curve for the following situation and also graph the demand curve based on the given information
Consider a Bertrand model in which the above firms choose prices to post P_A and P_B simultaneously. Since the goods are identical, consumers will go to the firm with the cheaper price.
Assume that you are 10 years into a 30 year home loan at 6.0%. You owe $150,000 left on your home at this time. You can refinance your loan at 3.5% for 20 years; however the closing costs will be around $4,500.
explain the price elasticity of demand in each market structure and its effect on pricing of its products in each
Without insurance from his employer, would a worker work or shirk?
answer the following questions using examples and applications from the readings. justify your answers using economic
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