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Suppose the value of technology adoption to a given user is log(n) where n is the total number of users who have already adopted the technology.
Suppose the cost of technology adoption per user is c. Assume there are N users in the market. Assume c > 0.
What will happen if the market is left on its own? How many users will adopt? Explain the answer using the model as described above. [2]
Determine one possible combination of government spending increases and tax increases that would accomplish the same goal without changing the amount of outstanding debt.
Explain how would a citizen whose income is in the bottom one percent talk about scarcity and trade-offs.
21st century insurance offers mail-order auto mobile insurance to preferred risk drivers in the Los Angeles area.
Assume that The United States passes a law that allows an additional 1 million persons to immigrate to the United States each year. Discuss the effects that this will have on the Production Posibilities Fromtier. (identify at least 3 effects)
In general, do you favor having government more and more power to regulate private industry? Please provide documentation for your answers. Feel free to comment on the postings of your fellow students.
q.assume that when an economy has a gdp of 500 consumption is 550. the mpc is .75. investment is 25. begin the problem
Suppose you read in an industry publication that the Rothschild index for the petroleum industry is 0.88. Based on past experience, you know that the price elasticity of demand for the petroleum products sold by your firm is ?1.5.
To assess a firm's demand for capital we must determine the present value of marginal revenue products and marginal factor costs of capital. A firm maximizes profit in the hiring of capital when the MRP of capital is greater than the MFC of capital. ..
Who in the U.S. government is responsible for computing also reporting the consumer price index.
Mrs. Smith is earning a loss and should shut down in the short run. Mrs. Smith is earning a loss but should continue to operate in the short run. Mrs. Smith is earning a profit since the price is above the average variable cost.
The Cognitive evaluation theory is contradictory to reinforcement also expectancy theories.
Elucidate using a diagram the substitution also income effect which would result from a change in the price of a normal good.
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