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Assignment:
Let's say that I assign a group project for this course. You will turn in one assignment and all group members will receive the same grade.
a. Describe the free rider problem in relation to this group project. What is the likely outcome for the group if we don't address the free rider problem?
b. What if I ask each group member to evaluate the contribution of your peers in a confidential report and this evaluation is part of your individual grade for the project. Will this evaluation "solve" the free rider problem that you described in part a? Why or why not?
Explain the short-run and long-run impacts of oil price fall on output and price level in the U.S. in 1986, using the model of aggregate demand and aggregate
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how much interest is payable each year on a loan of $2000 if the interest rate is 10% per year when half of the loan principal will be repaid as a lump sum at the ed of four years and the other half will be repaid in one lump-sum amount at the end..
Suppose there continue to be five fringe firms but that each manages to reduce its marginal cost to MC = 20 + 2q. How does this change your results?
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Higher nominal interest rate, and profit from the interest-rate differential. Do you see any potential problems with this idea? Explain. What are the cons of the strategy?
Analyze the effects of a reduction in the nominal money stock on the price level, on output, and on the real money stock when the aggregate supply curve is positively sloped and wages adjust slowly over time
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A driver wishes to buy gasoline and have her car washed. She finds that the wash costs $3.00 when she buys 19 gallons at $1.00 each, but that if she buys 20 gallons, the car wash is free. Thus the marginal cost of the twentieth gallon of gas is:
Question is - Visit a nationwide chain store or restaurant and take note of how all decor, design and other environmental choices, including visual, aural, tactile , and even scent choices, help achieve the goal of attracting and retaining customers ..
Linda inherited a sum of $50,000 from one of her grandparents. She would like to wisely invest the inheritance in one of the following three investment opportunities available for a period of 10 years. Help choose the best investment opportunity for ..
What is the equilibrium wage rate after immigration? How many workers would be hired? How many domestic workers would be hired?
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