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1. How does rent control affect the real-estate market?
2. Are you in favor of rent control or not, and why?
3. What needs to happen to prevent scarcity from re-occurring in the future?
If the tax elasticity of labor supply were 0.19, by how much would the quantity of labor supplied increase among people in the top U.S. tax bracket if the highest marginal tax rate in the United States were reduced to the level of Bolivia?
A firm has the production function x = f (L) , where x is output and L is labor input. The firm buys the input in a competitive market. What restriction do we have to impose on the production function to ensure the second-order conditions in problems..
Illustrate the full income budget constraint on an individual who has T0 units of discretionary time, Y0 units of unearned income and a wage rate of W0. In the same diagram, illustrate the utility maximizing choice of leisure and goods/income. Indica..
The composition of a liquid phase reaction 2 A right arrow B was followed spectra photo metrically with the following results: Determine the order of the reaction with respect to sucrose and the rate constant of the reaction.
Firms often face the problem of allocating an input in fixed supply among different products. Find the optimal crude oil allocation for the following example if the profit associated with square foot of fiber is cut to $0.375, What is gasoline margin..
Assuming the same financial market transaction costs and risks, will funds tend to move toward the U.S. or Japan if the U.S. interest rate is 5%, the Japanese interest rate is 2%, and there is a forward discount on the dollar of 2%? How will this eff..
Find out the Nash equilibrium prices of the procedures at the hospitals. find out the profit maximizing monopoly prices of the procedure at each hospital.
q.to purchase a house that cost 250000 adriana lopez made a 25000 down payment. she financed the remaining 225000 using
Suppose that Congress and the President are concerned that some individuals die without making adequate plans to financially provide for their families after their death. What are the likely effects on employee well-being of this mandate?
Elle's preferences over apples (A) and bananas (B) are represented by the Cobb-Douglas utility function; u(A; B) = AB. Write down the optimization problem. What is the objective function? What are the choice variables? What is the constraint? What a..
A facility engineer is looking at two proposed alternatives to install anti-pollution control equipment mandated by the State of California. Assume equal lives of 25 years, no salvage values, and interest at 25%. Make the comparison on the basis of p..
There is no evidence that the bar owners ever directly communicated. Do you think this is a violation of Section 1 of the Sherman Act?
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