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Why does it make sense to use scarce water resources to grow crops that require the most water? Why don’t farmers conserve water and grow more drought tolerant crops until the drought is over? (Response must be 250 words)
There are, on average, 150 new migrants entering Hong Kong from the mainland every day. Use a diagram to explain how this affects the equilibrium wage and quantity of labour in Hong Kong.
Alice and Betsy are playing a game in which each can play either of two strategies, leave or stay. If both play the strategy leave, then each gets a payoff of $300. For which values of C and/or D is the outcome (leave, leave) a Nash equilibrium?
Assume a good where its equilibrium price is 40 and its equilibrium quantity is 3.0 units. Compute the supply surplus when price is 60. Take into consideration that the elasticity of supply is 1 and the elasticity of demand (-1).
Explain is there a relationship among the age of an unemployed individual and the number of weeks of unemployment.
Evaluate the organization’s current compensation philosophy and propose ways to enhance or revamp the current compensation philosophy to meet the changing needs of the organization and its employees.
In the Solow growth model, suppose that the marginal product of capital increases for each quantity of the capital input, given the labor input. That is, we relax the assumption that there are diminishing returns to capital and instead assume there a..
Three players 1,2, and 3, are deciding on how to divide a cake worth $1, using the following procedure: Player 1 first divides the cake into three portions: x,y,and z such that x+y+z=1, x,y,z greater than or equal to 0. Identify the sub game perfect ..
Marcus’s utility function is U(X, Y) = (X + 2) (Y + 1). a. Write an equation for the indifference curve that goes through the point (2, 8). Graph the indifference curve for U=36 c. Let Px=Py=1 and m=11. Draw Marcus’s budget constraint in the graph fr..
Suppose the amount 207 is paid at the end of each of several equal periods and 0.059 is the interest rate per period, then at the end of these periods, the total amount paid is 951. Find the number of periods; due to uncertainty in the interest rate ..
q.suppose you are the manager of a home-building company and the government is considering eliminating the
Accounting for trade in goods and services Suppose the following transactions occur during the current year: A U.S. company sells 200 transistors to a Spanish company at $15.00 per transistor. Sam, a U.S. citizen, pays $1,500 for a laptop he orders f..
Explain how this investment capital is transformed into fixed capital goods, new technology, and cost reduction using new methods of production.
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