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What are economies and diseconomies of scope? What situations can give rise to each of these outcomes?
How can you use marginal analysis to design incentives to encourage hard work? What are some of the difficulties in designing incentives? Are incentives fair? Why or why not?
As a manager of a firm, you are concerned about a potential change in interest rates, which would affect money market prices. An economic report has recently hi
llustrate what increase in G is necessary to achieve target output in domestic economy. Illustrate what would be increase in G and T needed if government wanted to keep a balanced budget.
Kelson Electronics, a manufacturer of VCRs, estimates the following relation between its marginal cost of production and monthly output: MC = $150 + 0.005Q. What does this function imply about the effect of the law of diminishing returns on Kelson's ..
Economist Gerd Gigerenzer characterizes heuristics as "fast and frugal" ways of reaching decisions. Are there any costs to heuristics being "fast and frugal"? Explain and give an example of how a fast and frugal method for doing something in everyday..
Discuss the cultural reasoning for strict liability crimes? (no more than 100 words)
In the game of heads or tails, if two coins are tossed, you win $0.72 if you throw two heads, win $0.36 if you throw a head and a tail
Why the use of Nash equilibrium is a solution concept in games? Please give me an detailed explain.
Analyze the effects of a tax cut in an IS-LM model. How does the tax cut shift the IS curve and the LM curve? How are equilibrium interest rate and level of income different from its original level?
What are the initial equity position and loan balance? How far can the price go down before you receive a margin call?
In this scenario, which of the following types of market segmentation does Rotego employ??
Why do you suppose that many economists have argued that publishers ultimately will switch to establishing a single "world price" for each of their textbooks?
Explain the concepts of utility and elasticity as well as how do shifters affect supply and demand relationship.
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