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Pets who procreate can create external costs due to problems with stray animals. Strays are extremely common on the streets of poor countries. Sterilization can solve the problem, but is a tax/subsidy or command and control a better method to encourage sterilization? Does the best solution depend on the sex of the animal?
Perform the Test; H0: µ ≥ 22 versus HA: µ
If a firm faces the total cost function TC = (6 + x)0.5, what is its marginal cost function? 2. A firm operates with the production function q = 0.4K0.5L0.5.
Would warehouse operators insist on owning their own trucking companies What coordination and control problems and contractual hazards would these companies encounter What organizational form would warehouse operators and truck hauling companies a..
similarities and differences between the CML and SML as models
How does a worker choose his or her retirement age? What factors account for the secular decline in labor force participation rates among older workers.
How would our consumption of cereal change if cereal manufacturers stopped advertising? Would we be better or worse off?
Minimum wage is a price floor, so discuss an increase in the minimum wage from a supply and demand standpoint, making sure to address the concept of surplus.
Describe the behavior of consumption, investment, labor, productivity, wages, the price level and the money supply over the business cycle both in terms of correlation, magnitude and lead vs lag. Give the economic intuition of the results on consu..
State the definition of marginal product, MP, both as a mathematical definition and with your own words. What is the "law of diminishing marginal returns"? How has it been derived?
In each of the following examples, discuss which market model appears to best explain the behavior described
based on many years of experience a lecturer in econ241 has determined that the probability distribution function of x
Determine the monthly payments a family must contribute to a college fund, paying 3.75 % interest compounded monthly, for 22 years in order to cover the annual college cost of $35,000.
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