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Consider the Isle of Lucy, a country initially characterized by government regulations that require detailed reporting of the activities of firms to the governement. Suppose, after years of stagnation, a new government is elected, and the new government announces a dramatic reduction in the reports firms have to file on their activities.
Assuming other things equal and capital and labor are fixed in quantity and using our aggregate production function and factor market diagrams, illustrate what happens to output, the real retal rate on capital, and the real wage of labor following the reduction in government regulation. Explain your answer briefly. Make sure you label all axes and points of equilibrium.
Suppose an airline flying on the Charolette-Chicago route has estimated the demand curves for three different types of customers: business (no advance purchase), leisure (7 day advance purchase), and discount (14 day advance purchase) travellers. ..
Discuss why is increasing per capital income necessary but not sufficient for broadly dipping poverty and improving human welfare?
Using the following information complete the cash flow budget for the months of January, February and March. Be sure to include GST in the rows provided. GST at the end of December 2006 was negative $2500.
What are the efficient quantities for each of the two periods? What are the correspondingprices and MUCs?
A restaurant industry has a market structure that comes closest to
If some auction participants for crude oil field leases have estimates that the oil in the ground is worth $1.2 million, $1.3 million, or $1.5 million with certainty; and other auction participants have estimates that the same oil f..
What difference does it make, if any, if technology is moving very fast in the market so that this game proves to be one-time-only simultaneous play?
In the 1960s and 1970s, research funding by the U.S. government and some universities led to revolutionary advances in network computing. These advances in communication and network technology remained largely isolated to governmental and academic..
Calculate the life years lost due to car accident for a 28 year-old driver and Identify and indicate which treatments are dominated for elimination.
Estimate the cash flow to be included in the horizon year and what will be the horizon value if there is no profit growth?
What are the strengths of the CPI? What are the characteristics of these strengths? Same for weaknesses?
Find the equation of the new demand curve for Chevrolets. Plot the new demand curve, D1 c' and, on the same graph, plot the curve for Chevrolets, D c'. found in 2 (d).
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