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In an inquiry into the nature and causes of the wealth of nations, Adam Smith listed three reasons for productivity to increase with specialization. What are these three reasons?
Efficient regulation. Suppose the state is trying to decide how many miles of a very scenic river it should preserve. There are 1000 people in the community, each of whom has an identical demand function given by. If the marginal cost of preservation..
Which of the hypothetical weights of pi for the target incentive system w = s + bp, is likely most efficient from the principal's perspective?
At the end of the year, a firm produced 20,000 laptop computers. Its total costs were $7 million, and its fixed costs were $4 million? What are the average variable costs of this firm?
Why might these firms agree to form a cartel. If such a cartel is formed, use the prisoner's dilemma to explain why it may or may not survive.
Calculate the elasticity of demand as a function of Q. Does firm's profit maximization problem satisfy the global SOC? Using your answer 1,2 question, what is firm's profit maximizing markup?
If there is no tariff, explain how much does customer pay for a pound of coffee. Illustrate what is the quantity demanded.
Donald is a stamp collector. The only things other than stamps that Donald consumes are Harold’s doughnuts. It turns out that Donald’s preferences are quasilinear, represented by the utility function U(d, s) = ln d + s, where d is the number of dough..
From the e-Activity, describe what you learned about the Website that you selected by looking at the source code. Analyze the different components of the Website such as the version of HTML that was used, comment tags, and if the head elements wer..
What role, if any, do property rights (efficient or inefficient) play in designing and implementing environmental policy?
Trowbridge Manufacturing procedures cases for personal computers and other electronic equipment. The quality control inspector for this company believes
If you were the CFO of a company that had to decide on hundreds of potential projects every year, would you want to use sensitivity analysis and scenario analysis or would the amount of arithmetic required take too much time and thus not be cost-effe..
Why would cash transfers typically be preferred by recipients over in-kind transfers? What are the pros and cons of each from a government perspective?
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