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Differentiate between the traditional and modern views regarding the law of equi-marginal utility.
Why may a food shop charge higher prices than supermarkets for ‘essential items' and yet very similar prices for delicatessen items?
Suppose two identical firms produce widgets and they are the only firms in the market. Find out the Stackleberg Equilibrium.
Suppose a taxicab company is expected to earn annual above-normal profits of $10,000. Assume the interest rate is 5%. a. Derive the price of a medallion if entry regulation is expected to continue forever.
How does the US Department of Agriculture calculate the official poverty level What government assistance programs does the Census Bureau consider when calculating household income What programs are ignored
A source of conflict in international trade is a potential trade-off between free trade and a desire to protect domestic residents from potentially harmful products, such as substandard drugs. Briefly outline one way that nations might cooperative..
Consider an offshoring model in which Home's skilled labor has a higher relative wage than Foreign's skilled labor and in which the costs of capital and trade.
Suppose you have some money to invest-for simplicity, $1-and you are planning to put a fraction w into a stock market mutual fund and the rest, 1- w, into a bond mutual fund.
What is an externality? Please briefly illustrate with an example (a made-up example is OK). A political science colleague of the instructor
Suppose you are manager of customer service department at a bank and you want to hire customer service representatives for a newly opened bank branch.
Microfinance has spread very quickly in low-income countries. However, poor households in relatively high-income countries also lack access.
What happens to Market Equilibrium Price (MEP) if Supply decreases as Demand increases?c. What happens to Market Equilibrium Quantity (MEQ) after there has been an increase in Supply followed by a decrease in Demand which is followed by another in..
Illustrate what is the relationship among the variable selected and the economy. What trends do you see in the data sets.
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