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Explain factors that weaken the case for the public sector action such as: the special interest, the shortsightness effect, rent seeking, and weak incentives for operational efficiency.
q1. total fixed cost or sunk cost is independent of quantity produced.assume a small firm has invested 10 million in
Five ice cream vendors take up positions along a beach of length one. You may take it as given that there is a Nash equilibrium with two vendors at some point x, one vendor at 1/2, and two vendors at point 1 x. Find x, and justify your answer.
The entire principal of the borrowed amount of $10,000 will be repaid in 2 years. However, the quarterly interest of $330 must be paid every 3 months. Find the nominal annual interest rate (always, rate/yr) that you are paying.
Given current employment, the marginal product of the last worker in Mexico is 100, and the marginal product of the last worker in the U.S. is 500.
If the world market for crude oil experiences an increase in supply and a decrease in demand, which of the following results is expected to occur?
Suppose capital is fixed at 16 units. If firm can sell its output at a price of $100 per unit and can hire labour at $25 per unit, Explain how many units of labour should firm hire in order to maximize profits.
What might you reasonably expect of an industry in which firms tend to have economies of scale?
What are soft laws? What are the advantages and disadvantages of soft laws? Why are soft laws sometimes the outcome of negotiations on global environmental regimes?
If the company will sell the number of units obtained in part d, and wants to maintain the same level of profit as last year, what will its new price have to be?
Complete an in-depth analysis of a current labor event in one of the following countries: China, Hong Kong, France, England/UK, Germany, or Mexico. Pick a single specific topic of labor relations to evaluate, such as strikes, formation, impasse resol..
Explain how “Black Markets” impact economic actives: Please explain in detail and use a supply and demand graph for your examples
To build trust among virtual team members, managers should Deep-six the egos
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