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Question
What is the Coase theorem? According to the Coase theorem, when can bargaining lead to an efficient outcome? Do you think the Coase theorem is useful when solving problems of environmental pollution? Explain your rationale.
Raytheon is producing an air-to-air missile. The cost of the 500th missile is estimated to be $300,000 and the learning curve is 88%. What is the estimated cost of the 600th missile? What is the total cost of the lot of missiles from unit 601 to unit..
How is money created? How does fractional-reserve banking work? What is the monetary base? What is the currency ratio. Understand Friedman’s equation for explaining changes in the money supply. What is the currency ratio and how does it effect the mo..
Explain and illustrate using the graph of the labour market and the production function the effect of decrease in labour productivity on potential GDP
When illegal immigrants come to the U.S. from Mexico, does their act of moving here to work promote Purchasing Power Parity? Are they performing arbitrage in some market? Explain.
In the Solow growth model, what happens in the steady state if total factor productivity declines?
Find your own online video that illustrates either an external benefit or external cost
What is the role of leadership for doctoral students and your future career as an Educational Specialist?
When the price of a top-of-the-line luxury sedan was $85,000 there were 6,184 sold. Several years later when the price was $116,000, although the cars were basically unchanged, there were 9,462 sold. Does this mean that the demand for these sedans sl..
Identify atleast 4 key points of a relevant economic article . Write a 3-4 page paper, analyze dynamics of supply and demand to anticipate market equilibrium. Analyze elasticity of demand and supply and its importance and the effect of taxes or other..
If the fixed cost is 150,000 per month, marginal cost is 50.00, price is 50.00, Qd is 14,455 what is the formula to calculate the profits and what is the profit
Discuss institutions responsible for stability of the world financial system.
Your cousin brother Bobby has turned 18 and is contemplating future career alternatives based on the probable salaries to be earned. He seeks your advice. Invest two years and $6,000 per year at Community College education. Work remaining years until..
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