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Q1. What are the overall keys to answer questions about how attaching more regulation would influence economic efficiency ?And also the model to answer questions about game theory like how firms change their behaviors, with reference to game theory ?
Q2. "Consider an economy in which there is 10 households with income tabulated as follows H1. $10,000 H2. $20,000 H3. $25,000 H4. $30,000 H5. $50,000 H6. $50,000 H7. $60,000 H8. $75,000 H9. $90,000 H10. $100,000
a. What is the mean income? Explain Median? Explain Top deciles? Explain Bottom deciles?
b. What s the general pattern of the US income distribution over the last century? Explain about the timing of the changes?"
Suppose that the supply curve of healthcare services is perfectly inelastic. Analyze the impact of an increase in consumer.
Assume that he marries her the subsequent year. Other things equal, which of the following would be true concerning the reported official GDP the following year.
Write down the budget constraint of the representative consumer and Write down the maximization problem of the representative consumer and find labor supply
Each customer purchases their smoothie at the store where the total cost, i.e. price of smoothie plus travel cost, is the lowest.
In your opinion, are the resources you devote to your education a form of consumption or a form of investment.
Choose whether to hire a new person in the marketing department or upgrade your computer system.
Paul owns a home on the top of a hill and enjoys an unobstructed view of a large wooded area.
In 2012, Balnur taught music and earned $20,000. She also earned $4,000 by renting out her basement. On January 1, 2013, she quit teaching, stopped renting out her basement, and began to use it as the office for her new Web site design business.
Old Economy Traders opened an account to short sell 1,300 shares of Internet Dreams at $46 per share
Limited partnership arrangements alleviate which traditional problem associated with real estate investments.
As before pleasing the job, you admit a surprise offer from a competitor. Elucidate how much producer surplus have you earned, if you actually earn $2600 during the month.
Trace out exactly where this 100 increase in income goes in the second round and compare to our simpler treatment with a closed economy and lump sum taxes.
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