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Indentured servitude is no longer legal. An indenture was a contract binding a person to work for another for a given length of time (usually for many years), as an apprentice to a master or an immigrant to service in a colony. Such a relationship was a way for a poor but ambitious person to immigrate to a more prosperous country. The period of servitude, however, was harsh, and the penalty for breaking the contract extreme (imprisonment or worse). Evaluate the law prohibiting such contracts with respect to the concept of pare to efficiency
Illustrate what is the equilibrium number of video arcades. Show how you arrived at your answer.
The inverse demand that duopoly quantity-setting firms faces is p = 90 - 2q1 - 2q2. Firm #1 has no marginal cost of production, while firm #2 has a marginal cost of $30. How much does each firm produce if they move simultaneously? What is the equ..
How would you go about measuring return, how would you decide if it is good enough to warrant investment and in what sense is education capital.
q.two dry cleaners are located on a street of length 1 addresses are numbered from 0 to 1. the marginal costs of dry
Discuss how labour productivity and living standard are related. Examine how property rights affect a nation’s standard of living. Suppose the government grants a tax concession on companies’ investments in order to encourage private investment. Exam..
If the doctor wishes to maximize her profit, elucidate how many nose operations she should perform each month.
Illustrate what are the relationships between strong monotone and non-satiation. Also illustrate what are the relationships
Explain by how much did GDP increase in 2007 and 2008 because of these transactions.
Explain how specifically can GDP be adjusted to better measure well-being.
Explain how this may be related to the problem of adverse selection. What could banks do to try to reduce this problem?
q1. calculate the range of marginal revenues on the vertical portion of the mr curves at the level of output where a
q1. cuties farm produces and sells milk. the market is perfectly competitive. the market price of milk is 2.50 per
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