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Suppose that the U.S. Congress is debating whether to end the Temporary Assistance to Needy Families (TANF) program and instead let local governments replace this program with their own programs. Which approach would be more efficient? Explain.
Explaini briefly what effects the following grant schemes generate and draw a graph to illustrate:
a. block grant
b. conditional block grant
c. matching grant
Consider a monopoly platform which serves two sides of a market (e.g. an auction website which brings together buyers and sellers). Each side of the market consists of two agents. What are the access prices that the platform will charge in the subgam..
A consumer receives income y in the current period, income y in the future period, and pays taxes t and t' in the current and future periods, respectively. The consumer can lend at real interest rate r. the consumer is given two options.
Compute the opportunity cost, for producing a single Twinkie and a single cupcake for Jasper and for Jasmine. Jasper can produce.
q1. in a unregulated competitive market supply and demand have been estimated as followsdemand p 25 - 0.10q and supply
Which of the following conditions may make predatory pricing by incumbents rational?
Explain is any outcome generated by a Nash equilibrium not generated by any subgame perfect equilibrium.
A company purchases a new unit of machinery for $20,000. The machinery is to be sold at the end of 10 years for $2,000.If the company uses a MARR of 10%, what is the equivalent uniform net profit cash flow the company must receive each year to breake..
Find out the firm's total fixed cost. Find out the firm's total variable cost. Find out the firm's short run marginal cost. Find out the firms average variable cost.
If the dollar appreciates in value relative to foreign currencies
International firms can supply as much or as little steel as they want at a price of P = 80. Draw the supply and demand diagrams with and without international trade? What is the market clearing price and quantity if international firms can sell in t..
determine whether either or both of the mergers should be allowed. Write up you analysis as a recommendation to the Federal Reserve Board, which will use your analysis to make a decision. Be sure that your answer includes the numerical considerati..
Suppose that you want to maximize the value of the function f(x) = x^3-6x^2+9x, subject to 0 less than or equal x less than or equal 5. Which value(s) of x satisfy the first-order condition for this maximization problem? Which value(s) of x are bound..
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