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The theory of public choice suggests that
a) the goods provided by? government, whether public or private? goods, are not scarce.
b) government agencies tend to be inefficient because the people running them do not understand the concept of opportunity cost.
c) you can lower your tax bill if you are careful not to consume too many government? resources, regardless of what your neighbors do.
d) government agencies tend to be inefficient because they are subject to institutional arrangements in which managers do not have an incentive to be efficient.
In 2006, Violet Rose Computer Corporation purchased a new quality inspection system for $550,000. The estimated salvage value was $50,000 after 10 years. If the MARR for the corporation is 12% per year, find the minimum trade-in value neces..
How do you evaluate Jobeks situation from the resource based view and institution based view? Why have resources and institutions hindered Barney to cope with the foreign exchange situation, but simultaneously helped him to turn this company around? ..
Where Qx represents thousands of donuts; Px is the price per donut; Py is the average price per donut of other brands of donuts; and Ax represents thousands of dollars spent on advertising Newton’s Donuts. The current values of the independent variab..
Suppose the exchange rate between the U.S. dollar and the Mexican peso was $1 = 5 pesos. A can of Pepsi sells for $2 in Boston and 12 pesos in Mexico City.
Set all variables to their baseline values. Elucidate how much money do consumers want to spend on spaghetti when the price.
Equilibrium in the market occurs at a price of $2,500 and a quantity of 10,000. Draw the demand curve that must exist if consumers bear the entire burden of a $500-per-TV tax imposed on this market
DHL prides itself on having its own staff of more than 300,000 people spread across the globe, instead of relying on local agents.
Presuming IBM’s evolutionary perspective best represents the path to the future of change, speculate what MNE will eventually replace the idea of the globally integrated enterprise.
Suppose the own price elasticity of market demand for retail gasoline is -0.9, the Rothschild index is 0.4, and a typical gasoline retailer enjoys sales of $1,700,000 annually. What is the price elasticity of demand for a representative gasoline reta..
Suppose we now care about the long run decisions of a firm that has a production function of the form q = 2L + 3K. Draw the isoquant that represents 20 units of output. If the price of each unit of labor is 1, the price of each unit of capital is 2 a..
According to Interbrand Corporation, the Coca-Cola brand name (not the company) is worth $67 billion. At least theoretically, this is what Coke could get for the name if it decided to sell it to someone else. Economically speaking, what does this $67..
Assume that Crusoe's and Friday's utility functions are described in Problem 1. Assume now, though, that initially Crusoe has six oranges and Friday two. Assume that for every two oranges taken away from Crusoe, Friday gets only one, an orange being ..
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