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Question: Consider an Edgeworth economy where there are two citizens , Mr. Cortopassi and Ms. Thomas . There are only two goods to be consumed in the economy , Beer and Pretzels . The total amount of Beer is 12 units . The total amount of Pretzels is 12 units . Suppose Mr. Cortopassi has utility for the two goods characterized as Uc ( B , P ) -2B + P . Ms. Thomas's utility function is UT ( B , P ) = B + P . Identify the points that are Pareto efficient.
Museums and other non-profit organizations often have membershipfees. Members get benefits not available to non-members. Thisquestion examines the demand for memberships.Fred has $100 to spend on "other goods" or on plays at theKennedy Center. The pr..
Which of the following is true for a market with no externalities under perfect competition? A market has a demand curve described by P=60-3Q and a supply curve described by P=20+2Q. Calculate Consumer Surplus. A market has a demand curve described b..
We know that the AS curve is p = p e + 0.5(Y - Y * ) that is ?(how inflation responds to output gap) = 0.5, What is the short-run equilibrium level of output Y
Many cities have passed rent control legislation. Discuss carefully who benefits and loses from such legislation, in the short run and in the long run. Discuss the political economy of such legislation.
suppose the economy has a natural rate of unemployment of 5.a. suppose short-run output over the next four years is 1 0
Sustained increases in the money supply lead to inflation
In the 1950s what are the main goods and services the United States traded internationally and what trade barriers were in place during that decade?
Who"owns"the past? who has the right to define what the past means for us today? Go online and find some information about "Elgin Marbles" (also called the "Pantheon Marbles").
What types of data would you use to prepare the forecast? What other items would have to be forecasted based on future student enrollment?
A major international airline is spending $10,000 per seat to upgrade its business class product. Will this investment lead to a sustainable competitive advantage?
What is first degree price discrimination? Who benefits from it? Sketch and clearly label it in a figure.
Based on your knowledge of marginal analysis, how many workers should you hire?
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