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Peacocks, with their fabulous tails, live wild in the jungle. There, a tail is a detriment?-?it slows the birds in flight, and presents an excellent handle for a predator to grab hold of. Nevertheless, males continue to grow them because peahens love bling, and the more, the better.
a. Explain the value of a long tail as a signal, focusing on the general principle that signals must be costly to a strong bird, but even more costly to a weak bird.
b. Peahens would receive the same information if all peacocks cut their tails in half. In light of this truth, explain why the signal is socially costly.
c. Suppose all male peacocks agreed to cut their tails in half. Explain why such an agreement is unlikely to last, and why the disintegration of the agreement makes all peacocks worse off.
Which of Porter's five forces has the greatest effect on risk taking to achieve success? Why?
Suppose Fred deposits $8,000 in cash into his checking account at the Bank of Bonzo. The Bank of Bonzo has no excess reserves and is subject to a 5 percent required reserve ratio.
1. suppose z follows a standard normal distribution i.e. a normal distribution with mean 0 and variance 1.a. what is
Test the intercept estimate for significance at the 95 percent confidence level. If Proposition 103 has no impact on auto insurance premiums in any given county, what percent of voters do you expect will vote for the proposition
What happens to the equilibrium real interest rate and the quantity of loanable funds? What will be the effect on the level of investment by firms and the economy's capital stock in the future?
a) How many units of the each of the two products will the consumer purchase b) What is the total utility realized from the optimum purchase c) If the price of M decreases to $3, would your decision on purchasing change
Calculate the slope of the AE curve and the size of the multiplier if MPS = 0.20. Then, calculate the revised slope of the AE curve and the multiplier when you know that the imports and the marginal tax rate will reduce the slope of the AE curve b..
Suppose that fixed costs increase by $50 but the prevailing market price remains unchanged. Using algebra determine the effects of this change in cost on the profit maximizing output and the optimal profit. Do you see any change from your answer t..
The firm operates in perfectly competitive market and product markets. The going price of capital (r) is $1,000 per machine per week. Moreover, the firm sells its output at the going price (p) of $1 per widget. Consider the firm's short run labor ..
The demand for money in a country is given by Md= 10,000-10,000r +Y. Where Md is money demand in dollars,r is the interest rate (a 10 percent interest rate means r=0.1), and Y is natinal income. Assume Y is initially 5,000.
What is the value of the multiplier d. Calculate the saving function for Freedonia. Plot this sav- ing function on a graph with equation (2). Explain why the equilibrium income in this graph must be the same as in part b.
Express the revenue function as a function of price p.
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