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Problem: Considering the exceptional length and long-term repercussions of the Great Depression, explain what reasonable lessons policy makers should draw from this historic experience.
In what product should Germany specialize? In what product should Poland specialize?
Examine the graph of marginal benefits and costs of abatement below. Suppose regulators expect these curves to be as shown but are uncertain as to whether or not the marginal costs of abatement curve will be higher or lower than depicted.
What can rent control lead to for tenants or poor people ? what are the disadvantage of rent control?
The construction time for a bridge depends on the weather. The project is expected to take 250 days if the weather is dry and hot.
The US economy slowed down sharply in the latter half of 2000, and the actual recession started early in 2001. Monetary policy eased sharply throughout 2001.
When writing a formal argument, you should avoid using non-academic sources. Why is it be detrimental to your writing to use non-academic sources?
A week later you head to the store to check out the current prices of shirts and jeans. It turns out that jeans are priced at $40 per pair and shirts are priced
Consider a competitive firm whose cost is given by C = 4 + 4Q + Q2, and its inverse demand function is given by P = 9 - Q/4. The product sells at $30 per unit.
Engineers at a national research laboratory built a prototype automobile that could be driven 180 miles on a single gallon of gasoline. They estimated that in mass production the car would cost $40,000 per unit to build.
How are MPC, MPS, APC and APS related to disposable income?
Megan Industries manufactures several products including a basic case for a popular smart phone. The company is considering adopting an activity-based costing approach for setting its budget. Calculate the activity-based unit cost of the smart phon..
Show that for any bidder i, the bid of vi weakly dominates any lower bid. Show further that for any bidder i, the bid of vi does not weakly dominate any higher bid. Next, show that the action profile in which each player bids her valuation is not a..
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