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What are the Two General Theorems of Welfare Economics? What implications do they have for the “welfare state”? What are the ‘first best’ assumptions necessary for these theorems to hold? How realistic are these assumptions?
if the price of the imported tv sets was 300.00 in the us.at the beginning of the year how much would you expect the
Think a competitive industry consisting of one hundred identical firms each with the following cost schedule,
suppose that instead of holding prices fixed as we did in this problem that prices were perfectly flexible as in a
if the product price is 4 per unit and the price of the factor of production is 80 per unit the profit-maximizing
Now consider the problem of a retailer like Circuit City or Best Buy. Such retailers can sell as many copies of Vista they like at the prevailing market price of $200.
analyze and discuss the roles of physical capital human capital technology and natural resources in influencing
mr. omondi demand function for rice is given bynbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbsp x 15 m 25p -1where x
Compute GDPusing the Product Approach and using the Expenditure Approach
assume that you have been appointed as the speaker of the house. you must deliver a speech about the current state of
Describe the economic impacts of subsidizing beef, pork, corn, soybeans, rice, and wheat on U.S. food prices and food prices in other countries, and how any negative impacts can be minimized.
If the firm's goal is to maximize the efficiency of its labor expenditures, which of the three hourly salary rates should it use: $26 per hour, $36 per hour, or $49 per hour? By contrast, which salary maximizes the productivity of the car dealer's wo..
A change in the meeting time of the introductory one’s decision to go swimming economics course from 11:00 A.M. to 7:30 A.M. on one’s decision to attend the lectures
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