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Utility-maximizing, competitive free-enterprise systems are believed to provide higher social welfare than monopoly regimes. Their leaden shun exploiting other nations. Does this mean that authoritarian societies without these scruples may sometimes achieve higher levels of domestic welfare by exploiting outsiders? In what sense can this be considered a liberal paradox?
A newspaper is considering buying locked vending machines to replace open newspaper racks in the downtown area. The vending machines cost $45 each. It is expected that the annual revenue from selling the same quantity of newspapers
Prove that there does not exist a steady-state equilibrium.
Consider the following version of the "chain store paradox". This entry game has the following timing: In the first stage an entrant decides whether or not to enter. In the second stage, if there is entry, the incumbent decides whether or not to p..
If the annual GDP growth rate is 8 percent in Papaya, by how much will the money supply need to change in 2011?
Suppose a government began the year with a debt load of $500, an interest rate of 5% and ran a deficit of $50.At the end of its second year to maintain the same debt load of $500.
In the linear breakeven model, the relevant range of output is that range where the linearity assumptions of the model are assumed to hold.
If Michelle devotes all her resources to growing potatoes, she can raise 200 pounds of potatoes per year. If she devotes all her resources to raising chickens, she can raise 50 chickens per year.
Asecurity analyst specializing in the stocks of the motion picture industry wishes to examine the relation between the number of movie theater tickets sold in December and the annual level of earnings in the motion picture industry.
Tabulate or graph the results; Analyze and discuss the results, noting any interesting, tures
1. fitting a straight line to a set of data yields the following prediction lineyni 2 5xia. interpret the meaning of
The amount of the loan was $23,800, and it had an interest rate of 10% per year. However, because the new graduate had not built up a credit history, the bank made him buy loan-default insurance that cost 5% of the loan amount.
Coal prices moved in sympathy with oil prices, with the result that coal companies earned pure economic profits. Since coal is a homogeneous good and the market is competitive, what happend in this market.
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