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Q1. Do you think that frustrates groups like the ASPCA who believe the WTO is undermining their effort to make some US laws more stringent than those elsewhere in the world?
Q2. Find the subgame perfect equilibria of the variant of the game in which the post-entry competition is a game in which each firm chooses a price, rather than an output.
Q3. Consider the following utility function:U(X, Y) = max{X, 3Y}a) Draw the indifferent curve for this utility function.b) Find the Marshallian demand functions for X and Y and the corresponding indirect utility function.
The function for the net exports is NX=200-100e, where e, is the exchange rate, and the exchange rate is initially 1.0.
Then make an argument for why the government may still prefer using the other approach.
What is the probability that a sample of 100 units contains a. Five or more defective units? b. Ten or fewer defective units? c. Eleven or less defective units?
They use the Internet to pay babysitters. With no cash, does the nature of money change? Should the Federal Reserve change the definition of M1?
Why might these firms agree to form a cartel. If such a cartel is formed, use the prisoner's dilemma to explain why it may or may not survive.
It is $16 trillion today. Does this mean that the average American is twice as well off today than in 1996? Why or why not?
Illustrate what will happen to the price of bonds also to money holding if the Fed changes the interest rate as a result of a decrease in the money supply.
An industry comprising a small number of firms, each of which considers the potential reactions of its rivals in making price-output decisions, is called
Draw a new supply and demand graph showing what happens in the market for fuel efficient cars if only part c) has occurred. Label both old and new equilibrium P and Q.
Illustrate what is the impact of this sale on GDP for 2002. Assume no realtor is involved in the sale.
As a patient, write your recommendations to accept or decline at least three types of managed care plans. Which types are appropriate for which patients?
Illustrate what happens to output and the optimal scale of a firm, and price if there is a free entry into the market.
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