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Describe the argument of yardstick competition to control policy-makers. What are the main difficulties if yardstick competition is to be applied in practice to control performance of policy-makers?
But the poorer country grows at 10 percent a year, while the richer country grows at 2 percent a year. In 35 years, which country will have a higher GDP? (Hint: Use the rule of 70.) 8.1
If a country is not specified, you can assume the action is performed in the United States.
A consumer has $100 to divide between purchasing wine and quiche. Suppose wine costs $10 per bottle if the consumer purchases up to 5 bottles. After that, it is $5 per bottle. Suppose quiche is $5 each. Please draw the budget line. Will a consumer..
Construct a model in the spirit of kinked demand for the setting of an N firm oligopoly.
Assume that a state government currently provides no child care subsidies to working single parents, but it now wants to adopt a plan that will encourage labor force participation among single parents. Suppose child care costs are hourly.
Estimate the variances. What do they say about the health of the project? Reestimate with an actual cost to date of $750,000
Suppose the demand curve is linear. If your state sets a price of $50, how many vanity plates would be purchased?
what is the current selling price at that kink and how much output will be demanded?
List three businesses that can exist today,
A large share of the world supply of diamonds comes from Russia and South Africa. Suppose that the marginal cost of mining diamonds is constant at $ 1,000 per diamond, and the demand for diamonds is described
A. Calculate the 1998-2008 growth rate in sales using the constant rate of change model with annual compounding.B. Forecast sales for the years 2011 and 2013. The following table shows annual sales data for Stuff Happens.
Explain what the data is telling you and explain where this conclusion might lead you as you explore questions in the future.
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