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Q1. Think about the electoral competition model with three candidates. Extend the model to incorporate that candidates not only care about office but also about the policy that is implemented. You can suppose any single peaked preference which you want. Characterize the equilibria of the model. The characterization should be a function of the bliss point of the candidates.
Q2. The demand for good X is estimated to be Qxd = 5,000 - 5PX +3PY + 2M + AX, where PX is the price of X, PY is the price of good Y, M is income and AX is the amount of advertising on X. Suppose the present price of good X is $25, PY = $50, M = $30,000, and AX = 500 units. Elucidate demand for good X of its own-price elasticity?
how does corporate sponsorship affect the demand for the sponsor's product? why have so many companies purchased naming rights rather than purchase time to broadcast commercials during football bowl games ?
Explain how would you extend the above narrative to businesses, society as a whole or nations.
Success of Employment Applications in Ohio during the Gentleman's Recession and chart displays the ratio of job placements to seekers, for the total of men and women in all five cities, juxtaposed against the business cycle indicators.
Elucidate its advantages and disadvantages and suggest appropriate policy prescriptions to deal with the potential shortcomings.
In the short run the typical company increases its output but its total cost also rises. Hence, the effect on the company 's profit cannot be determined without more information.
Elucidate the differences among a currency board, a fixed exchange rate system and a pegged exchange rate.
The manager of a canned food processing plant is trying to decide between two labelingmachines. Determine which should be selected on the basis of rate of return with a MARR of 20%per year.
Economists argue that the move from barter to money increased trade and production. How is this possible.
Elucidate how production possibilities table or curve reflects law of increasing opportunity costs. Illustrate what do points along PPC recurrent (with respect to available resources).
Illustrate what happens to money supply, interest rates and economy in general if Federal Reserve is a net seller of government bonds.
Explain what the GDP cost index is and what is its role in differentiating nominal GDP and real GDP.
Illustrate what emissions fee should be imposed to achieve the cost-effective outcome. How much would each firm pay in taxes.
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