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Consider the problem Find-Clique defined as follows: "Given a graph G and a number k as input, find a clique of size k in G if one exists." Recall the Clique decision problem
"Given a graph G and a number k, does G contain a clique of size k?". Give a polynomial-time reduction from Find-Clique to Clique.
A community ponders implementing a no-smoking ordinance that would eliminate smoking in all businesses, government offices, and public places. Smokers are upset and argue that their rights are being violated by this proposed ordinance. How does the r..
How can you justify existence of government-granted monopolies for such public utilities as local telephone service, natural gas.
Bob consumes two commodities: x and y. For what values of py will Bob buy y, and for what values of py will Bob buy only x?
Describe where the liquidity-demand/money supply equilibrium appears on the graph. Suppose in this period the interest rate is i0. Is this higher or lower than the equilibrium interest rate? Will next period’s interest rate be higher or lower than th..
In the long run, an economy's level of output
Although economists speak as if economic growth is necessarily a good thing (your author not excluded), many question the sustainability and even the morality of ever increasing economic growth. A way to consider this is whether you are "happier," no..
Felix runs a surfing school on the North Shore of Oahu. He has two inputs: surfboards, which he rents from a local shop for $10 per day, and surfing instructors, whom he hires for $40 per day. Felix could lower his costs without reducing his output i..
Which of the following will not result in a change in demand? (a) a change in income (b) a change in the good’s own price (c) a change in the price of a substitute (d) a change in preferences
If the growth rate of the money supply is 6?%, velocity is? constant, and real GDP grows at 4?% per year on? average, then the inflation rate will be what %? If the growth rate of the money supply increases to 18?%, velocity is? constant, and real GD..
You are an efficiency expert hired by a manufacturing firm that uses K and E as inputs. The production function for a competitive firm is Q = K1/2 E1/2. The firm sells its output at a price of $32, and can hire labor at a wage of $12.44 per hour. In ..
?Café Michigan's? manager, Gary? Stark, suspects that demand for mocha latte coffees depends on the price being charged. Based on historical? observations, Gary has gathered the following? data, which show the numbers of these coffees sold over six d..
Review the following graph. If Mexico produces 300 million tons of food, it can produce _________ million units of clothing without specialization or trade. Each ton of food in Mexico has an opportunity cost of __________ units of clothing. image Cli..
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