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Discuss the forces that have promoted job decentralization in U.S. metropolitan areas. Explain the negative externalities associated with job decentralization. Assuming, as suggested in class, that the private gains and negative externalities/public costs of job decentralization are of approximately equal magnitude, what policy interventions, if any, do you support.
Shift the curve in the subsequent graph to show the effects of such a training program.
If a price taker in a competitive market is going to maximize profits, he must
Define and explain ‘Law of Diminishing Returns with the help of diagram. What are the different stages of production in the short run? Define and explain ‘Price Discrimination (PD)’ with the help of diagram. Also give examples of Price Discrimination..
q. consider a market where demand is p10-2q and supply is pq2. there is a consumption positive externality of 2.5unit
Using the midpoint method the price elasticity of Demand for a good is computed to be approximately
A new industrial oven has just been installed. To test the temperatures of the oven, the inspector reads the temperature in the oven at four different places every half hour. Set up a mean chart. Mark the upper and lower control limits and the center..
Suppose that demand for good increases and, at the same time, supply of the good decreases. What would happen in the market for the good?
According to our discussion in class, an Economic model of the decision of how fast to drive indicates an individual should choose the speed at which:
Rational expectations theory suggests that? short-run stabilization policy
A medical device company has a monopoly on a certain class of cardiac implants. Demand for the implants is given by P=28000-5Q and marginal revenue is given by MR=28000-10Q. The total fixed costs for the implants division is 50000 and the marginal co..
What is the difference between relative factor endowments and relative factor intensities? What does the Hecksher-Ohlin theorem say about home versus foreign countries while they remain in autarky? What happened to the Leontief paradox when human ca..
Describe the Stolper-samuelson theory of trade. How does it differ from the factor endowment model? What are its predicted effects on wage-inequality in (a) industrialized countries that are captial abundant and (b) developing countries that are labo..
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