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Problem
Every year the residents of a historical town gather to determine how much to spend on their park, 10 percent or 15 percent of the budget. If everyone votes for the same percentage, they will spend that amount, unless the year before everyone voted for the opposite percentage, in which case they spend the average of the two. What characteristic of the ideal voting system is violated in this example?
The narrowness of definition of the commodity
Putting the "Fun" Back in "Dysfunctional Families"
You should comment on the success and/or failure of its approach and implementation as stated in the text and posted readings and how it may have modified its organization, supply or marketing over time given changes in its markets
A large city in the mid-West needs to acquire a street-cleaning machine to keep its roads looking nice year round. A used cleaning vehicle will cost $85,000.
Discuss the tradeoffs a policymaker faces in choosing between larger fines, longer prison sentences, and greater monitoring in deterring crime. Give at least two reasons discussed in class why deterring crime through longer prison sentences may no..
Calculate the price, quantity, and profit for each segment if the amusement park charges a different price in each market. (Hint: calculate profit at each price in the adult market, then in the child market, and choose profit maximizing in each. Usin..
Mate Construction has purchased some earthmoving equipment that comes with a 2-year warranty. Repair costs are expected to be $1500 per year.
There are two distinct sectors: taxidermists (X) and tap dancers (T). It is surprising that there is complete labor mobility between the two sectors. There are 200 equally talented workers who supply their labor in elastically. The demand for taxider..
Calculate consumer surplus in the case of entry deterrence and in the case of entry accommodation. Which situation leads to the largest consumer surplus?
After watching the Freakonomics video clip on the incentives that sumo wrestlers face, it shows that there are times when rational people
given the following macroeconomic modely c i0 g0 equilibrium income yc a by-t consumption
Suppose two world leaders "Nikita" and "Margaret" are engaged in an arms race and face the decision whether or not to build a missile. The payoffs of Nikita and Margaret are as follows: If both build a missile, both receive the payoff -10. If both ..
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