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1. How is monopolistic competition like competitive markets? How is monopolistic competition like monopoly?
2. What is an oligopoly? Provide an example of an oligopolistic industry not found in the chapter.
In the second regression, LGFDHOPC, the logarithm of food expenditure per capita (FDHO/SIZE), is regressed on LGEXPPC, the logarithm of total expenditure per capita (EXP/SIZE). In the third regression LGFDHOPC is regressed on LGEXPPC and LGSIZE.
RR must build a tunnel to maintain his access around the mountain. The tunnel could be fabricated of normal steel for an initial cost of $30,000 and should last for 15 years. Maintenance will cost $1,000 per year.
Consider the baseline AK model in Section 19.4. Suppose that production and allocation decisions within each country are made by a country-specific social planner (who maximizes the utility of the representative household within the country).
In many countries the capital owned by nonresidents is taxed. What are the effects of such tax exporting? Is it profitable to subsidize capital owned by nonresidents?
discuss both"the argument for relying on non profit organization for the public services For example:non profit organizations can provide public services better and more cheaply than state owned or private for profit organization and also they int..
Jim and Matt allocate their consumption between two goods: hats and bats. The price of hats is $4 each and the price of bats is $8 each. For Jim, the marginal utility of the last hat consumed was 8 and the marginal utility of the last bat was 24.
A delivery truck costs $30,000 and has a salvage value of $5,500 after 6 years. Maintenance and operating costs are $8,500 for the first year and are expected to increase at 6% per year. What is the equivalent annual cost of owning and operating t..
Suppose now that the demand for electricians increases to 70- 3N. Assume the market is subject to cobwebs. Calculate the wage and employment level in the first 4 rounds as the wage andemployment levels adjust to the demand shock.
What are the advantages and drawbacks of the United States relying so heavily on income taxes?
What is the effect of a fiscal expansion on output and interest rates when exchange rates are fixed and capital is perfectly mobile? Show this rigorously, using the model developed in Section 12-5. \
To what degree do you think financial market participants were surprised by the FOMC's announcement? Explain.
Write a 200-word summary discussing the challenges, milestones and discoveries of your teams efforts this week. Feel free to discuss task assignment however your summary should be based on reflection of collaboration and not exclusively on projec..
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