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Given that we have learned the different variants of the Phillips curve (Original Phillips curve, modified Phillips curve and the other mutations of it), does the concept implied by it make sense to you? Which mutation of the Phillips curve do you think best explains the U.S. economy? Why?
A simple model of search. Consider an agent who lives two periods. He is unemployed at the beginning of the first period and has a wage offer of w. If he accepts the wage offer w, he will work forever at that wage. How much would the agent value toda..
How can firms ensure that their code of business ethics is read, understood, believed, remembered, and acted on rather than ignored?
Why is there so much advertising in monopolistic competition and oligopoly? How does such advertising help consumers and promote efficiency? Why might it be excessive at times?
Please consider the case of oligopoly. Are there actually such firms in the U.S. economy? What is their relative importance compared to other types of markets? (Absolutely no need to do research on the Internet; some casual observations will be adequ..
A college student in her senior year is considering purchasing a new car. The price of the car is $18,500, the sales tax is 8%, and the title, license, and registration fee is $450. The dealer offered to finance 90% of the price of the car for 48 mon..
Assume that the labor supply curve to a firm is the one given in Problem 1 above that is, (E=5W). If the firm’s marginal revenue product of labor (MRPL) 240 – 2E, what is the profit-maximizing level of employment (E* ) and what is the wage level (W *..
The radio manufacturing industry has been in decline for quite some time. Suppose the government is called on to save this industry with infusions of cash, low interest loans, or other special breaks. This might be touted as helping firms remain open..
One of the problems that is often encountered during IS development is "scope creep"- that is, user requests for additional features and functions. Scope creep happens because sometimes users have many unsolved problems and the systems investigati..
Is there some summary article on using variation in US bequest taxation as natural experiments? Has there been variation over time or over different states? Is there perhaps a paper that already has used this?
Consider an industry with 2 firms, each having marginal cost equal to zero. The inverse demand function facing this industry is P(Y) = 100 – Y where Y = y1 + y2. What is the competitive equilibrium level of industry output? Calculate the Cournot equ..
All of us have our own perspective and how we look at things. What are some of the key elements you would consider when deciding how to approach an audience?
The current cost function for a lab that evaluates Pap smears is C = 200,000 + 25 x Q. Q, the annual volume of tests, is forecast to be 30,000. The incremental cost is $25 because each evaluation requires $20 worth of a technician's time and $5 worth..
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