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Problem
Your grandmother likes old-fashioned yard sales and doesn't understand why everyone is so excited about eBay. Explain to her why the creation of a market that enables people who don't live in the same town to buy and sell used goods increases total surplus over the yard-sale market.
Assume this is a one-shot game, and both firms seek to maximize profits. What is the dominant strategy for each firm? Are these also secure strategies?
Explain the difference between active and passive monetary policy.
What pivotal change do the authors make to the Solow model and how does change impact the Solow model's predictions?
Suppose the consumption expenditure is C = $100 billion + 0.9*Y. Investment (I) is $100 billion, government spending (G) is $50 billion and exports (X) are $100 billion. Imports depend on the level of income as follows: M = 0.1*Y.
Determine the range of out-of-court settlements when the expected value of litigation for the two firms is $65,000 in favor of Factory X. The court costs for Firm Z are $20,000; the costs for Factory X are $25,000.
Analyse the ethical problem using act utilitarianism, identifying all relevant consequences. Compare negative versus positive consequences
The demand and supply curves for T-shirts in LA, Ca, are given through the following equations, Determine the equilibrium price and quantity after the shift of the demand curve.
assume that we are using a waiting line model to analyze the number of service technicians required to maintain
How much money can Bank A create by making loans and how much money can the banking system as a whole create? (Show calculation).
In imperfect competition, labour markets can lead to worker exploitation in terms of their wage rates they receive compared with wage rates in perfect competition. Discuss this opinion.
select a new realistic good or service for an existing industry.write the economic analysis section of a business
you are the ceo of a small chain of womens clothing stores. you notice that your total sales are beginning to dwindle
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