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Engineers at national research laboratory built a prototype automobile that could be driven 180 miles on a single gallon of unleaded gasoline. They estimated that in mass production the care would cost 40k per unit to build. The engineers argued that Congress should force the US automakers to build this energy-efficient car.
Explain International Monetary System
Application of Nash Equilibrium and Game Theory with examples
Question based on Derive and compare demand curve, Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?
Consider the problem of the book assuming that the utility is Cobb-Douglas (U (C, l) = C α l β )
Essay on Market imperfection associated with negative externalities
How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.
In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?
Perfect competition guarantees allocative efficiency. A profit-maximizing monopolist can never be allocatively efficient.
Dr Leona Williams a well know Plastic Surgeon, has reputation for being one of best surgeons for reconstructive nose surgery. Dr Williams enjoys a rather substantial degree of market power in this market. She has estimated demand for her work to b..
Essay on Market imperfection associated with negative externalities.
Describe the effects of monetary policies on the economy's production and employment.
Plot the wage- setting and price setting equation or a property labelled graph and identity the nature rate of unemployment.
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