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True or False
1. Whatever the characteristic function, the Shapley value falls outside the core. Argue if true or give a counter-example if not.
2. The core of any characteristic function is non-empty. Argue if true or give a counter-example if not.
In your own words, explain the farmer’s optimal solution in the free market using marginal cost analysis. How might this solution be suboptimal from society’s perspective? Explain who benefits and is harmed under the free market solution.
a. Calculate the standard error of the mean. b. What is the probability that the sample mean will be less than ?$1,885??
Comfort Down Canada is a manufacturer of low temperature down clothing. they have recently entered into negotiation for a major sale to a Finnish retailer, Hels
Graph the budget constraint with a solid line. Label both axes and intercepts. Now assume income is constant, Px decreases to 1
What recommendations, i.e. future strategic direction, would you make for the economy (country) to sustain economic growth? Word limit 1000 words. Learning Outcome: 4 & 5
Consider an equilibrium in which someone is using the good. Is social welfare maxi- mized at this number of users, or would it go up if there were more users, or would it go up if there were fewer users? .
You go to a number of sources including field sales VPs, market research, other product managers, and an external consulting firm.
Explain how low must a quota be in effect to have an impact. Using a demand-and-supply diagram, illustrate and explain the net welfare loss from imposing such a quota.
Find the percentile score for mean of the students from the student section. Note: (µ = 65) and (s = 12).
In the operational definitions of costs, what constitutes the total cost of production In the short-run? What are the components of total cost in the short- run
Many economists argue as follows: “Because there is no long-run tradeoff between unemployment and inflation, there is no point in trying to shave the peaks and troughs from the business cycle.” This view suggests that we should not care whether the e..
Suppose the demand for paper is given by Qd = 360 – 4p and the industry marginal cost of production is given by Qs = 6p. In addition, the firm’s production imposes an externality with an associated marginal damage (MD) = 2. Please include a graph wit..
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