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Principle of contracting-out
Use the principle of contracting-out to provide an economic argument for contracting-out or outsourcing some government-provided service or aspect of a firm's production.
Suppose Firm Y's production function is given by the following Cobb Douglas equation
Explain how much should the store charge for an yearly membership in order to extract the entire consumer surplus via an optimal two-part pricing strategy.
Consider a competitive market for which the quantities demanded and supplied (millions per year) at various prices are given as follows:
Explain how does the marginal price for a product like this differ from a product like automobiles. What relevance might there be to this difference.
For an unknown reason, aliens kidnapped all immigrants residing in the US. One morning America wakes up and finds that the only people left in the country are American citizens, while all legal and illegal immigrants are gone.
Illustrtae what is the value of a forward contract in terms of the current stock price, the interest rate, the delivery time.
If I have to lay-off 19 employees as the company is upside down -$1878.00 after total cost. So, by cutting staff of 19 with a salary of $100 per day, an eight hr day, how much will I save.
Tom earns $15 per hour for up to 40 hours of work each week. he is paid $30 per hour for every hour in excess of 40.
Mary is utilizing 3 hot dogs and 2 Cokes at the Bucs game.
A no of empirical studies of automobile demand yielded the subsiquent estimates of income and price elasticities
Illustrate the quantity of laptops demanded, the level of imports of laptops, the price paid for laptops and the consumer surplus
Explain how a voluntary exchange results in a win/win situation to both parties.
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