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Power often accrues to individuals who are very effective in their jobs or to firms that enjoy sustained high performance. If this is so, how is power different from basic competence, efficiency, or performance?
Consider an open economy like Australia with free capital mobility and a floating exchange rate.
Identify one or two impediments that may prevent an average citizen from receiving a fair trial in the U.S. Then, determine at least one policy that could prevent unfair trials in the U.S. court system.
In what specific ways does Becker's model of the allocation if time differ from the simple work-leisure choice model? Compare the functioning of the income and substitution effects in each of the two models. Do the two effects have the same impact up..
In the Battle of the Sexes game, Man likes to go to watch football, while Woman likes to go to the mall. Both of them would rather go together than go alone. They decide to show up to one of these places without contacting each other. A game like thi..
At 4% APR, figure operating costs for your products to be 4% of the purchasing costs per annum, increasing 10% each year for the product 1, 6% (+10% more per year) for product 2, and 10% (+10% per year increase) for product 3. What are the operating ..
The cost curves of the firm. In terms of economies of scale, why would a firm sometimes want to expand output and sometimes not want to expand output.
Why do economists tend to react in a hostile fashion to prposals for quotas, or for price ceilings and price floors? Recall and describe case(s) in which such interferences with the market equilibrium and preferable to the alternative, and explain wh..
What do you consider to be the most important of 8 millennium development goals and why? Did the MDGs achieve its goals so far? Why or why not? Give example (s) of specific country case studies as part of your answer.
A firm has the production function y = x1 + min{x1, x2}. Draw three isoquants for this firm. Does this firm have constant returns to scale?
A stock price is currently $100. Over each of the next two six-month periods it is expected to go up by 10% or down by 10%. The risk-free interest rate is 8% per annum with continuous compounding. What is the value of a one-year European put option w..
Describe why some long-run average cost curves are steeper on the downward side than others.
What is the difference between technical communication and technical writing? After completing your reading assignments for this week, how would you define each of these terms?
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