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Question 1: This podcast focuses on the negatives about having a clear, objective poverty line. In your opinion, what are some of the positives? What are some benefits of a clear, objective, poverty line?Question 2: In the podcast there was talk about a "Well-being Index" what sort of things do you think should be included in such an index?
Define Marx's concept of "species being." How does it relate to his concept of alienation.
Use the theories of international trade and investment to help explain Brazil's intentions and actions regarding the international information technology sector. Whats the difference between outsourcing and offshoring?
Illustrate what should be the production level if the producer operates in a monopolistic competitive market where the cost of software at each possible quantity
The Coase Theorem is significant because it. shows that it is crucially important how property rights are assigned. demonstrates that there are no transactions costs involved with correcting externalities.
a.) How much revenue is generated when the price in the market is P = 10? What is D at this point?
When it is costly or impossible to exclude someone who hasn't paid to use a particular good from using it, then that good is classified as being: a. public good b. free rider c. un excludable d. non excludable
Often times, the casino will take a portion of a gambler's winnings. Why is it even a less fair bet when the "house" takes its cut? So is gambling irrational?
Explain how the optimal usage of the variable input, labor, will change in response to the following changes in the short-run: A) A drop in the price of the good or service that the firm sells B) A drop in the hourly wage C) A decline in the producti..
Assume that at the current price, the price elasticity of demand for a campus film series is 1.40. If the objective of the film society is to maximize its total revenue.
Suppose the government of Washington is considering the addition of a new tax on rms. You have been called in to provide expert analysis on how such a tax would eect employment of labor. A tax on every hour an employee works (e.g., \X" cents per hour..
The mean temperature for the month of July in Boston, MA is 73 degrees Fahrenheit. Plot the following data which represent the observed mean temperature
Consider a Cournot duopoly model with inverse market demand function p = 60 - q1 - q2. Firm i's cost function is (qi)^2+10qi for i = 1 and 2. Find the Nash equilibrium outcome ( firms' outputs). Find the collusive outcome ( firms' outputs), and show ..
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