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To whatever extent you find the paternalistic and externality arguments convincing, what types of responses might they justify? Consider, for example, educational TV. If the FCC believes that it would benefit society to have more children watching educational TV, is it sufficient response for the government to increase the amount of educational TV available, perhaps by offering more funding to PBS? Must the government do more, perhaps both funding PBS and restricting the simultaneous broadcast programs that children prefer?
On December 12 of 1980, Apple Computer sold shares in an initial public offering (IPO) for $22 per share. Since then, the stock has split 2-for-1 three times: June of 1987, June of 2000, and February of 2005. If you bought 100 shares at the IPO and s..
Compare the column for marginal product also the column for marginal cost. Illustrate what pattern do you see.
Can you detect any difficulties that the Federal Reserve System might encounter in implementing monetary policy.
Bob borrows $52000 from a local bank at an APR of 7.2% compounded monthly. His monthly patents are $52000(A/P, 0.6%, 54) = $1128 for a 54 month loan. If Jim makes an extra payment on the first month of each year, his repayment duration for the loan w..
q1. gary has two children kevin and dora. each one consumes yummiest and nothing else. gary loves both children
The equilibrium allocation is stationary over time. Write down the market-clearing condition for an arbitrary date t. Find the real rate of return of at money at the monetary equilibrium. What is the gross rate of in ation?
A number macroeconomic variables decline during recessions. One of these variables is the GDP. What other variables, besides real GDP, tend to decline during recessions? Given the definition of real GDP and its components, explain the declines in the..
What price should a firm charge for a package of two pens given a marginal cost of t' 2 and an inverse demand function P = 6-2Q by the representative consumer?
Tight (contractionary) money policy
Suppose its GDP grows by 1% in the next year and the budget deficit is again $100 billion. Compute its new level of national debt and its new debt-GDP ratio.
q.an entrepreneur wants to undertake a project which generates future revenue of 34 or 9 and requires an initial cost
To make your work easier to grade, please make Julie the row player, Kristin the column player also Larissa the page player.
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