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What are the Pros and what are the Cons and what are the recommendations of a Local Area Network?
What are some of the difficulties in implementing case-mix adjusted payment schedule in nursing homes? What are the criteria used to determine a case-mix weight? What are the strengths and weaknesses of such a system?
An industry has two firms, each of which produces output at a constant unit cost of $10 per unit. The demand function for the industry is) = 1,000,000/p. Give the best-response function for each firm. What is the Cournot equilibrium price for this in..
Suppose the model of Supply and Demand is used to make predictions about changes in the equilibrium price and the equilibrium quantity of corn. Suppose above-normal growing conditions (near-perfect weather, ideal soil moisture, no pest infestations,..
Suppose a utility function is of the general form U(x, y) where x and y are two goods consumed. A) In words and mathematically, define the marginal rate of substitution of x for y, MRSxy.
A tax system achieves equity when:
The concept of generational imbalance is designed to:
q.consider two countries japan and korea. in 1996 japan experienced relatively slow output growth 1 while korea had
The U.S. Federal government has been running deficits in the hundreds of billions of dollars which means that the U.S. Treasury is issuing hundreds of billions of dollars in new Treasury securities. If this is all you consider, what are the consequen..
A firm in a competitive industry faces a market price for output of $20 and a wage rate of $500. At the current level of employment (50 units of labor), the marginal product of labor is 30. In order to maximize profit, the firm should
One day you realize you're tired of smelling like refried beans all the time and begin thinking about starting your own business. After doing some investigation you decide to spend 15 hours per week running a photocopy service in your dorm.
Suppose a country can produce a maximum of 20,000 jumbo airliners or 2,000 aircraft carriers. What is the opportunity cost of an aircraft carrier? If another country offers to trade six planes for one aircraft carrier, should the offer be accepted?
You and your two best friends all make $65,000 per year. Friend A lives in a city where prices on average are 5% lower. Friend B lives in a city where prices on average are 8% higher. Friend A has a purchasing power parity adjusted income of $__ and ..
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