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Q. Consider the subsequent story: "When Joe didn't have car insurance, he drove very cautiously since he knew he would have to pay for any damage to his car. Now that he has car insurance, he drives like a maniac since he knows that even if he gets into an accident, his insurance will cover it."
Q. Evan gets twice as much marginal utility from an additional bottle of water than from an additional bottle of soda. If the price of soda is $1.00 every bottle, then Evan is maximizing utility if the price of a bottle of water is
Elucidate what type of returns to scale does this technology represent.
the most important contributor to increases in the productivity of Americans labor over the 1929-2000 period was Illustrate what.
What can be said about the estimated slope coefficient for a regression of Y on X, versus the estimated slope coefficient for a regression of X on Y.
Calculate the four combinations of outputs of corn and rice for these 4 plans.
Substantive responses use theory, research, and experience or examples to support ideas and further the class knowledge on the discussion topic.
The airline is considering building a new training center on this land.
If the annual real interest rate on the loans is 6%, explain how many car companies will buy a new car assembly machine.
Calculate gross national product and net national product
Show that the balance sheet balances if these are the only assets and liabilities.
Elucidate how the relative composition of M1 changed since 1965. Do your best to explain why this change has occurred.
By how much should domestic auto-makers increase the cost of automobiles if they wish to increase sales by 5 percent next year.
Why might variations in the dollar's value in terms of other currencies cause the trade deficit to move independently from the changes in the government budget deficit.
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