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What characteristic(s) of oligopoly make their prices and output levels "sticky"? Does this make the firms more risky or less risky?
What is the effective rate of tariff protection (ERTP) for the U.S. shoe industry now and what is the U.S. shoe industry's value added for each pair of shoes?
Is implicit cost inherently an estimate or can it be quantified? And who is the primary person responsible for these estimated quantifications?
Recent innovations allow us to rely less on checkable deposits and more on nontransactions accounts such as bank CDs. Although such accounts are desirable because they are less liquid from the depositors' point of view, we must draw customers t..
Consider a variant on the Aghion and Tirole (1997) model. Poppy, the principal, and Aiden, the agent, together can decide on implementing a new project, but both are unsure of which project is good and which is really bad. Given this, if no on..
nbsphelen makes cheesecakes using equipment that she rents for 30 and cheese and butter that cost 4.55 a cake.nbsp she
You put $20000 on deposit on your thirtieth birthday at 5 percent compounded annually. On your fortieth birthday, the account begins earning 6 percent. Then on your fiftieth birthday, it begins earning 7 percent.
If at a point in time long term interest rates were below short term interest rates, what would this indicate about investors expectations of future short term interest rates? Explain your answer in a few sentences.
What is meant by horizontal differentiation? How can one define the properties and purposes of structure?
Mike's preferences for Budweiser (B) and Sam Adams (S) can be represented by: U (B,S) = 10B + S. How will Mike split his income of $3 under the following scenarios?
What are the Two General Theorems of Welfare Economics? What implications do they have for the “welfare state”? What are the ‘first best’ assumptions necessary for these theorems to hold? How realistic are these assumptions?
Normal 0 false false false EN-US X-NONE X-NONE Explain the concept of re..
Suppose that the market for radios is perfectly competitive and there is the simultaneous increase in supply and demand. What can be said about the new equilibrium relative to one before the shifts in supply and demand occurred?
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