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What would be some of the changes to the market for health services you would recommend to increase efficiency in the market for health services and make the market more competitive?
You have an income of $40 to spend on two commodities. Commodity 1 costs $10 per unit, and commodity 2 costs $5 per unit, illustrate what is the budget equation.
You are hired by the government to evaluate the impact of a policy change that affects one group of individuals but not another.
What specific motivations were behind the increase in the federal funds target after the end of quantitative easing in the US? Are there specific differences between the short-run and medium-run implications of the increase in interest rate targets? ..
Many datasets use numbers to identify group membership. Suppose that a study has the following variables:
Using the Envelope theorem find all local optimum and saddle points for the function f(x) = (x2-1)3.
You own a tract of trees and are deciding whether to harvest them now or next year. If you harvest them now, you can invest the proceeds and get a return of 5% on your investment. What should you do?? a. ?Let the trees grow as long as their dollar wo..
Which is invested in various sources, what minimum lump-sum payment two years from now would make your uncle happy?
In his book, Rewarding Work: How to Restore Participating and Self-Support to Free Enterprise (Harvard University Press, 197), economist Edmund Phelps.
Show how moving from a lump sum tax to a linear tax affects outcomes in terms of output and work effort. What is the effect on economic efficiency? How does your picture show this? You should use a linear PPF (so that the wage without distortions is ..
Suppose an industry consists of 2 firms that compete by choosing quantities simultaneously in each period t = 1, 2, 3,...... (in other words, the two firms play infinitely repeated Cournot game). Inverse demand in the industry is given by the linear ..
A firm sells its product in a perfectly competitive market where other firms charge a price of $80 per unit. The firm’s total costs are C(Q) = 50 + 12Q + 2Q2. How much output should the firm produce in the short run? What price should the firm charge..
Supposed that you are in the 28% bracket and that you are looking at a municipal bond. The bond has a coupon rate of 2.75%. You see a 3.85% coupon taxable bond available as well. Goven your tax bracket. What would you choose the tax free or the taxab..
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