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Question: The tables show reservation values (MB and MC) of buyers and sellers in a market. There are three buyers and two sellers. Each buyer's reservation values for the fourth unit and above are negative, and each seller can produce at most four units. How many units does each buyer buy, and how many units does each seller sell at the equilibrium?
Over the past 45 years the price of capital has dropped substantially because of the computer revolution. Draw and explain 2 labor market diagrams
How does the price elasticity of demand relate to the burden of a tax, consumer surplus, and producer surplus?
Identify key policies that have affected the use of drugs in the US and their effect on financial stability of the healthcare syst
Given Phillips curve ?π = - 0.3 (U - 6) + ρ, suppose that inflation in the preceding period was 3 percent, unemployment is 7 percent, and there is no price shock. The current inflation rate is?
What are some advantages and disadvantages to desktop virtualization? What are some impacts of virtualization on operating system and hardware trends?
Consider Solow's model when the production function is Y = 1000K0.3 L0.7 . The population growth rate is 2%, ? = 0.1 is the depreciation rate and s = 0.25 is the savings rate. Suppose this economy was in its steady state when unexpectedly Total Facto..
Suppose that each person has playing cards numbered 8 and 6. Playing the 6 "pulls" $6 (from the experimenter's reserve) into one's own earnings, and playing the 8 "pushes" $8 (from the experimenter's reserve) to the other person's earnings. Draw the ..
What is the evaluation of the approaches towards circular economy?
How will globalization impact our economy in both short run and the long run? State your arguments "for" and "against" globalization and finally summarize your view on globalization.
You work for an unemployment agency that distributes unemployment checks to unemployed workers in California. Your boss recently learned that the Governorhas proposed a 21 percent increase in the state minimum wage, and wants you to provide her with ..
A) What is an example of when you would want consistent data and, therefore, a small standard deviation?
A production function establishes the relationship between: Which of the following inputs can be changed in the short run? Which of the following statements is true of the long run?
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